Which of the following can be damaging to a person's credit history?
Having 15 accounts open with high balances
Making minimum monthly payments on due date
Having one hard inquiry on a credit report
Having multiple addresses listed in personal information
2. Multiple Choice
30 seconds
1 pt
How many free credit reports is a person allowed in one year?
1
2
Unlimited
None
3. Multiple Choice
1 minute
1 pt
Wendy wants to improve her credit score. Which of the following actions will help Wendy improve her score?
Pay the minimum amount due on credit cards and loans.
Close any accounts that have a zero balance.
Make all monthly payments on or before due date.
Take out additional loans to pay off current debt.
4. Multiple Choice
1 minute
1 pt
What is one advantage of using a credit card over a debit card?
Using a credit card never has an advantage over using a debit card.
Colleges may look at a person's credit history before accepting them into school.
Apartment managers or landlords may look at a person's credit history before renting.
Using a credit card responsibly can build positive credit history.
5. Multiple Choice
30 seconds
1 pt
How long does negative information stay on your credit report?
5 years
7 years
15 years
Forever
6. Multiple Choice
30 seconds
1 pt
If you file for bankruptcy, how long will that stay on your credit report?
10 years
12 years
30 years
Forever
7. Multiple Choice
30 seconds
1 pt
A score at 750 on your credit report is pretty good.
True
False
8. Multiple Choice
30 seconds
1 pt
Credit cards take money directly out of your bank account.
True
False
9. Multiple Choice
1 minute
1 pt
One of the main features of a debit card is
You have to pay interest on purchases
You get to make payments over time
The money comes directly from your checking account
You have to apply for one
10. Multiple Choice
1 minute
1 pt
All of the following can appear on your credit report, EXCEPT
Salary
If you've been arrested
Money you borrowed from your aunt
The number of credit accounts you have open
11. Multiple Choice
3 minutes
1 pt
If a plumber earns $55,100 per year and an electrician earns $59,500 per year, how much more money would the electrician earn over the plumber in 20 years?
$4,400.00
$4,500.00
$44,000.00
$88,000.00
12. Multiple Choice
3 minutes
1 pt
If a school counselor earns $63,600 per year and an assistant principle earns $83,500 per year, how much more would would the assistant principal earn than the school counselor over 10 years?
$20,900.00
$19,900.00
$199,000.00
$398,000.00
13. Multiple Choice
1 minute
1 pt
____________________ will negatively affect your credit score.
Moving to an apartment
Paying late on your car loan
Forgetting your sisters birthday
Forgetting to pay mom back for the lmoney you borrowed.
14. Multiple Choice
30 seconds
1 pt
When you apply for college, they look at your credit report?