4.5.1 Credit report and credit score quiz

1. Getting a copy of your credit report is: (required)

a) a good way to check for identity theft

b) the only way to know if your report is accurate

c) free of charge, if you request that the report be sent to you by mail

d) all of the above

Please provide an answer to this question.

2. How often should you check your credit report? (required)

a) at least once a year

b) at least once every five years

c) at least once every seven years

Please provide an answer to this question.

3. If you have applied for several credit cards or other forms of credit within a short period of time, this could have a negative impact on your credit score. (required)

a) True

b) False

Please provide an answer to this question.

4. Which of the following does not affect your credit score? (required)

a) your payment history: whether you have ever missed a payment on your debts

b) any collection or bankruptcy that has been recorded against you

c) your history of repaying informal loans from family or friends

d) any outstanding debts you have

e) your account history: how long you have had credit, and the type of credit you have

Please provide an answer to this question.

5. Which of the following goes into determining your credit score? (required)

a) your payment history (whether you carry over a balance on your credit card from month to month or have ever missed a payment on any of your debts)

b) any collection or bankruptcy recorded against you

c) your outstanding debts

d) your account history (how long you have had credit)

e) the number of recent inquiries made about your credit report

f) the type of credit you are using

g) all of the above

Please provide an answer to this question.