mhctknowledgecheck12 – Ma'at American Aborigine Tribal Nation

Which section of a credit report will contain employer details?

Deselect Answer

A. Consumer rights

B. Account information

C. Personal information

D. Public records

E. Inquiries

Which section of a credit report will contain information about a student loan?

Deselect Answer

A. Personal information

B. Public records

C. Inquiries

D. Consumer rights

E. Account information

Which section of a credit report will contain court information such as bankruptcy?

Deselect Answer

A. Public records

B. Inquiries

C. Personal information

D. Consumer rights

E. Account information

Which section of a credit report will show recent attempts to open a credit card?

Deselect Answer

A. Personal information

B. Public records

C. Consumer rights

D. Inquiries

E. Account information

Which section of a credit report will contain information about how to correct inaccuracies?

Deselect Answer

A. Personal information

B. Consumer rights

C. Public records

D. Inquiries

E. Account information

Indicate which of the following concepts would generate a negative effect on a credit report. Select all that apply.

A. Paying bills early

B. Filing for bankruptcy

C. Applying for a new credit card every month

D. High credit card balances

Which of these shows the ratio of total credit extended to the amount of credit owed?

Deselect Answer

A. Account History

B. Amounts Owed

C. Length of Credit History

D. Types of Credit Used

E. New Credit

Janet has applied for and received several credit cards and loans in the past six months, talking with a new lender each month. She is having trouble obtaining credit. Match her issue to the the corresponding section of the FICO credit score.

Deselect Answer

A. Account History

B. Amounts Owed

C. Length of Credit History

D. Types of Credit Used

E. New Credit

Which of these is the MOST important factor that impacts the determination of a credit score?

Deselect Answer

A. Amount of total credit used

B. Number of inquiries on record

C. History of delinquent payment

D. Length of time accounts have been established

Where should a member go to obtain free credit reports?

Deselect Answer

A. www.freecreditreport.com

B. www.myfico.com

C. www.annualcreditreport.com

D. www.experian.com

Jeff’s credit report displays several delinquencies, and he has received notices for repossession of his car. Which of these is the best way to improve his credit.

Deselect Answer

A. Review budget to help find funds so that all monthly payments can become current.

B. Make more than the minimum payment to pay down the balances.

C. Apply for a secured credit card to establish history.

D. Notify credit reporting agencies.

Maria wants to dispute inaccurate information in her credit report and she wants to limit her employers’ access to her credit report. Which of these fair credit laws apply?

Deselect Answer

A. Fair Credit Billing Act (FCBA)

B. Fair Credit Reporting Act (FCRA)

C. Fair and Accurate Credit Transactions Act (FACTA)

Ellen sees a charge she did not make on her credit card statement and wants to dispute it. Which of these fair credit laws apply?

Deselect Answer

A. Fair Credit Billing Act (FCBA)

B. Fair Credit Reporting Act (FCRA)

C. Fair and Accurate Credit Transactions Act (FACTA)

Which of these complies with fair credit laws?

Deselect Answer

A. An employer can check a credit report at any time.