Credit Reports and Scores Quiz
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Questions and Answers

Which website can you visit to access a free credit report every four months?

  • www.annualcreditreport.com (correct)
  • www.creditmonitoringservice.com
  • www.freecreditreport.com
  • www.creditbureaus.com

    • Credit scores are determined by statistical models that analyze borrower traits and their probability of repaying debts. How many versions of FICO scores are used in various types of lending?

  • 5
  • 15
  • 19 (correct)
  • 10

    • What are the five categories into which the data from your credit report is generally grouped?

  • Payment history, Amounts owed, Length of credit history, Credit monitoring, Types of credit used
  • Payment history, Amounts owed, Length of credit history, Credit scores, Types of credit used
  • Payment history, Amounts owed, Length of credit history, Credit monitoring, Credit scores
  • Payment history, Amounts owed, Length of credit history, Taking on more debt, Types of credit used (correct)

    • Is signing up for a credit-monitoring service a waste of money?

    <p>Yes</p> Signup and view all the answers

    How often can you access your credit report for free if you space out your requests to one of the three credit bureaus every four months?

    <p>Four times a year</p> Signup and view all the answers

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