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
CREDIT & DEBT
PERSONAL FINANCE
Recent Comments
Alfie4802 05:46:02 PM Jun 18 2008
BOA is the biggest because like it is said, " behind every fortune there is a crime "
to quote Mario Puzzo.
SargCompany 09:35:35 AM Jun 17 2008
No body can access your credit report without your permission.
AAPJJNOCHEESE 01:48:52 PM Jun 05 2008
Is it true or false that an employer or a place that you volunteer, like church or school, can check your credit report without your approval?
RMeWay 10:52:47 AM Jun 01 2008
RIROHAN 02:13:29 PM May 29 2008
Report This! Easier to earn the money than to borrow it.
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Its best to use their money and not yours. Put up 10.000.00 of your own for collateral of line of credit. It is like spending your money but while useing theirs it will help credit history.
Sueseque2 05:44:02 PM May 31 2008
They may call it "AOL=America On Line" but it is my opinion that what started out as an American company ;is not only outsourcing jobs but the company as well has been sold and is no longer owned by Americans but by the same people /or group of people from the other side !!!
Sueseque2 05:32:52 PM May 31 2008
WOW ;It took that;but if I try to express my opinion on ANYTHNG ;I get a message saying my post cannot be submitted;does not give reason why tho;I find it all vey strange?? I know I am not the only one this is happening to! AM I right???
Sueseque2 05:29:35 PM May 31 2008
AOL won'let me post either ;I will b surprised if this even makes it!!!
Pichilin54g 12:24:24 PM May 31 2008
I WASEN'T CHARGE FOR A LATE PAYMENT, YET IT WENT TO MY RECORDS OF LATE PAYMENT. NO DEAL WAS A GOOD DEAL.IT STINKS NO MATTER HOW IS DONE BANKS AND CREDIT CARDS ARE ALL THE SAME.
RIROHAN 02:12:50 PM May 29 2008
I am told that when you request a free credit report, the people in India that you are corresponding with are selling your name and information to whomever will pay for it. Several Banks are also selling your name and information. You then become a LEAD for solicitation by all kinds of shysters. Nothing is free. Real World.
