How many free credit reports are you legally entitled to each year?

One report from each credit bureau

Having a good credit score is important because:

It can impact your ability to get a bank loan.

Which of the following actions has NO impact on your credit score?

Inquire about a credit card charge.

Which of the following actions would IMPROVE your credit score?

Paying off your credit card bill

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Credit Scores - Everfi

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Everfi, Financial Literacy, Credit Scores

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Questions 10

Answers

1
How many free credit reports are you legally entitled to each year?
One report from each credit bureau
Three credit reports each year
One credit report each year
Three credit reports from each credit bureau
2
Having a low credit score can make it more difficult to:
Secure an apartment lease
All of the above
Obtain a car loan
Open a new credit card
3
Which of the following actions can NEGATIVELY impact your credit score?
Pay all your bills in cash.
Forgot to pay the cable bill.
Disputed an item on your credit report.
Use a small amount of your available credit.
4
All of the following make up the big three credit reporting agencies EXCEPT:
Equifax
Experian
Federal Reserve
TransUnion
5
Having a good credit score is important because:
It will impact how much you pay for college.
It can impacct your ability to get a driver's license.
It can impact your ability to get a bank loan.
It can impact how much you will pay in taxex.
6
Which action is LEAST important to maintaining a healthy credit score
Check your credit report annually
Know your exact credit score
Make on-time payments
Fix inaccurate information on your credit report
7
Which of the following actions has NO impact on your credit score?
Inquire about a credit card charge.
Opened several new credit cards last week.
Send in credit card payment a couple days late.
Use a large percentage of your credit limit.
8
Which of the following actions would IMPROVE your credit score?
Paying off your credit card bill
Closing out old credit cards
Opening a new savings account
Using a large portion of your credit limit
9
Which of the following MOST influences your credit score?
Payment history
Amounts owed
Length of credit history
Types of credit used.
10
Which statement about credit scores is TRUE?
Range from the low 300's to the mid 800's.
Each person has three credit scores.
All the above.
Reflect how likely you are to repay debts.

Credit Scores - Everfi Flashcards | StudBud