Credit Score Update in Mobile App
12 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

When does a user's credit score update in-app?

  • On their billing date (correct)
  • On the 15th of the month
  • On the first day of the month
  • On the last day of the month

What happens if a user's Equifax score is not found after registration?

  • Their account is put on hold
  • They still have access to financial coaching, product usage, and credit reporting (correct)
  • Their access to financial coaching is denied
  • Their credit report is not submitted to the bureau

Why do we register users without a credit score?

  • To reduce drop-off rate and improve registrations (correct)
  • To improve the accuracy of credit scores
  • To reduce the number of users
  • To increase the cost of credit building

When do we submit a user's credit report to Equifax?

<p>On the first week of the following month (A)</p> Signup and view all the answers

What is the purpose of reporting users to the bureau?

<p>To help them build their credit history (D)</p> Signup and view all the answers

What does the 'Report Date' in Admin represent?

<p>The last day of the month when we submit their data to Equifax (B)</p> Signup and view all the answers

What does it mean if a report shows a 'Version' in the report?

<p>The report was sent and approved by Equifax. (C)</p> Signup and view all the answers

How long does it take for updates to be reflected on the consumer credit file after Equifax processes the report?

<p>48 hours (B)</p> Signup and view all the answers

What should you check if a user doesn't see their score updated in-app after the billing date?

<p>Admin under 'Submitted Credit Reports' (B)</p> Signup and view all the answers

What might cause a user to have missing scores for more than 3 months even if the report was sent to Equifax?

<p>The user does not have a profile with Equifax (B)</p> Signup and view all the answers

What should you do if a user's score is not updating and everything matches with Equifax?

<p>Create a bug intercom ticket for Tier 2 to review (D)</p> Signup and view all the answers

What type of ticket should be created if the issue persists after Tier 2 review?

<p>Lab ticket (A)</p> Signup and view all the answers

More Like This

Credit Reports and Scores Quiz
5 questions
The Power of a Good Credit Score
11 questions
Buy Now Pay Later Services Quiz
7 questions
Understanding Credit Reports Basics
5 questions

Understanding Credit Reports Basics

MightyCynicalRealism8721 avatar
MightyCynicalRealism8721
Use Quizgecko on...
Browser
Browser