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Exam 6: Credit Bureau Reports and Identity Theft

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Question 51

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Late payments made two years ago will have less influence on your credit score than a late payment made two months ago.

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Question 52

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Who do credit card companies really like to entice with "free" items like t-shirts?

A) People in retirement
B) Empty nesters
C) College students
D) Fitness advocates

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Question 53

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All three credit reporting agencies have different formats for both their paper and online reports but provide similar information.

Which of the following are ways to improve your FICO credit score?

What does FICO stand for?

Identity theft is relatively easy to fix.

What government website will help you if your identity is stolen?

Mike,Therese,Tristan,and Elena want to improve their FICO credit score.Mike uses 10% of his credit limit,Therese uses 30% of her limit,Tristan uses 50% of his limit,and Elena uses 75% of her limit.Who is improving their score the most?

Which indicator drives a FICO score the most?

What percent of the FICO score comes from your length of credit history?

The three national credit reporting agencies in the United States are TransUnion,Equifax,and Experian.

How many days does the credit bureau have to investigate an error found in your credit report?

What credit score number helps to lower the interest rate and speed up your credit approval in purchasing a home?

What is contained in a credit report?

According to FICO's 2008 scoring model,people with the best credit have a utilization rate of no more than what percent?

Typically,you enter into use of debt during the independent life stage.