Credit Quiz: How Credit Savvy Are You?

Which are the three major credit bureaus in the United States?

  • Experian®, Equifax®, TransUnion®
  • American Express, Master Card, Visa
  • Bank of America, Citibank, Chase Manhattan

Can checking your own credit report hurt your credit score?

  • Yes
  • No

Can an employer get a copy of your credit report without your permission?

  • Yes
  • No

How long can a bankruptcy stay on your credit report?

  • 2 years
  • 5 years
  • 7 years
  • 10 years

What information is used to calculate your credit score?

  • Your average credit history from the previous year
  • The information that appears on your credit report the day your score is calculated
  • Information contained on your credit reports from the last three months
  • Your credit report and bank statements

Credit repair companies:

  • Can "clean up" your credit by removing accurate, negative information
  • Can only legally dispute inaccurate information on a credit report, which you may do yourself for free
  • Help you legally create a new credit history
  • Do a better job if you pay them more money

When is a consumer entitled to receive a free statutory credit file disclosure from a credit reporting company?

  • After they have been denied credit
  • Under the FACT Act, Americans will have the right to one free statutory credit file disclosure every twelve months from each of the three national credit reporting companies; residents of Georgia will be entitled two
  • When they write to a bureau and request a copy of their own report
  • A and B only

When you marry, your credit report:

  • Is merged with your spouse's credit history
  • Stays the same. The only information on both spouses' reports are joint accounts or those for which one spouse is an authorized user
  • Shows your spouse's debt in a separate section
  • Is wiped clean so you can start again
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JustinCleary05 10:38:21 PM Jul 29 2008

that was fun

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