Edit Game
5.2 Your Credit Report
 Delete

Use commas to add multiple tags

 Private  Unlisted  Public




Delimiter between question and answer:

Tips:

  • No column headers.
  • Each line maps to a question.
  • If the delimiter is used in a question, the question should be surrounded by double quotes: "My, question","My, answer"
  • The first answer in the multiple choice question must be the correct answer.






 Save   10  Close
What is the total amount of US credit card debt?
 
over 1 trillion dollars
 
1 million dollars
 
1 billion dollars
 
$100,000
Why do lenders look at credit reports?
 
To decide whether you are a qualified or risky candidate
 
To determine the size of your household
 
To provide them with details about your savings account
 
To edit your credit score
The following options are all included in your credit report trade lines except…
 
Amount of money in your checking account
 
Payment history
 
Current balances on your loans
 
When you opened your credit accounts
Why should you review your credit report regularly?
to check for accuracy; to see how different factors affect your FICO score
When you sign up for phone, TV, or internet service, the provider is likely to check your credit report. Why would they do this even though you’re not borrowing money from them?
Even though you’re not borrowing money they still want to make sure you are likely to make your monthly payments
Name one free online credit report services
Annualcreditreport.com Credit Karma Credit Sesame NerdWallet CreditWise WalletHub
Which is not one of the three credit reporting agencies you would possibly need to contact to report an error on your credit report?
 
Wells Fargo
 
Experian
 
Equifax
 
TransUnion
All of the following appear on your credit report EXCEPT…
 
Your checking account balance
 
Student loan payment history
 
Balance owed on a car loan
 
Number of active credit accounts
In general, why do so many different types of companies check your credit report?
 
to make sure you’re likely to make consistent & timely pymts
 
To determine the price of the product or service
 
They’re legally required to do so
What should you do if you find errors in your credit report?
 
Contact the credit reporting agency or the company
 
Close the affected credit account(s)
 
Call the police to notify them of potential fraud
 
Report the error on your taxes