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Questions and Answers
Which of the following is NOT a benefit of having a good credit score?
Which of the following is NOT a benefit of having a good credit score?
- Qualify for great credit card deals
- Get a job (correct)
- Lock in utility services
- Receive better car insurance rates
What is a credit report?
What is a credit report?
- A calculated score that summarizes credit report information
- A document that identifies you
- A summary of your borrowing activity
- A report card on how well you manage your finances (correct)
Who uses credit reports and credit scores?
Who uses credit reports and credit scores?
- Banks and lenders only
- Insurance companies and landlords only
- Potential employers only
- All of the above (correct)
Which of the following is a hard inquiry?
Which of the following is a hard inquiry?
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What is a soft inquiry?
What is a soft inquiry?
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What is a credit score?
What is a credit score?
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What is the range of FICO scores?
What is the range of FICO scores?
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Which of the following information may be included in your credit report?
Which of the following information may be included in your credit report?
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What are credit inquiries?
What are credit inquiries?
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How long do closed accounts stay on your credit report?
How long do closed accounts stay on your credit report?
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What is the difference between hard inquiries and soft inquiries on your credit report?
What is the difference between hard inquiries and soft inquiries on your credit report?
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