Credit Reports

Credit Reports

Assessment

Assessment

Created by

Ana Corkill

Mathematics

6th Grade

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Medium

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10 questions

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1.

Multiple Choice

30 sec

1 pt

Why is it important to establish positive credit history?

Higher credit scores result in lower interest rates on loans

You are more likely to be offered a loan by a bank

Positive credit history results in higher credit scores

All of the above

2.

Multiple Choice

30 sec

1 pt

How long will a negative credit action usually remain on a credit report?

4 years

11 years

7 years

15 years

3.

Multiple Choice

30 sec

1 pt

What is important in establishing good credit?

Making payments on time

Being late on payments

Spending 100% of your credit limit

Missing a payment

4.

Multiple Choice

30 sec

1 pt

What is included under credit history on a credit report?

Date of birth

Late payments

5.

Multiple Choice

30 sec

1 pt

Late payments can help create a high credit score

True

False

6.

Multiple Choice

30 sec

1 pt

Who would be more likely to get a car loan?

Dave with a credit score 560

Julie with a credit score 780

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