Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Give this quiz to my class
Q 1/23
Score 0
_____ prevents creditors from discriminating against borrowers based on gender.
30
Fair Credit Billing Act
Truth in Lending Act (aka Consumer Credit Protection Act)
Fair Credit Reporting Act
Equal Credit Opportunity Act
Q 2/23
Score 0
One of the 5Cs of creditworthiness, ___refers to assets you own that are worth more than your debts.
30
character
conditions
capital
capacity
23 questions
Q.
_____ prevents creditors from discriminating against borrowers based on gender.
1
30 sec
Q.
One of the 5Cs of creditworthiness, ___refers to assets you own that are worth more than your debts.
2
30 sec
Q.
Most negative information that ends up in your credit report, stays there for 7 years.
3
30 sec
Q.
When you are denied credit, you may request a free copy of your credit report within 30 days.
4
30 sec
Q.
Two major factors used to evaluate your creditworthiness are your credit report and credit score.
5
30 sec
Q.
Businesses ___ request access to your credit report without your consent; these inquiries ___ lower your credit score.
6
30 sec
Q.
Which of the following would NOT be included in your credit report?
7
30 sec
Q.
The Consumer Credit Protection Act (aka Truth in Lending Act) requires creditors to disclose the total cost of credit before an agreement is signed.
8
30 sec
Q.
A credit report is issued by...
9
30 sec
Q.
A credit bureau gathers information from businesses, called ___, that pay a monthly fee to the credit bureau.
10
30 sec
Q.
The financial ability to repay your loan with current income is known as
11
30 sec
Q.
A consumer request to deny all access to the consumer's credit information or files is called a credit ____.
12
30 sec
Q.
A FICO credit score is a point system ranging from ___ to ___.
13
30 sec
Q.
A ___ is someone who promises to pay if the borrower fails to pay.
14
30 sec
Q.
Your credit report contains your credit score.
15
30 sec
Q.
Credit bureaus may charge a reasonable fee for freezing/unfreezing a consumer's credit report.
16
30 sec
Q.
If the economy is slowing down and unemployment in your area is rising, creditors may be less willing to grant you a loan. This is an example of which one of the 5Cs of creditworthiness?
17
30 sec
Q.
If you hire a credit guard service company, you will be notified when anyone accesses your credit file for any reason.
18
30 sec
Q.
Which of the following is NOT one of the 3 major credit bureas?
19
30 sec
Q.
Too many credit inquiries in a short period of time ____ your credit score.
20
30 sec
Q.
Which of the following areas is NOT included in the mathematical formula used to calculate your credit score?
21
30 sec
Q.
Property pledged to assure repayment of a loan is called ____.
22
30 sec
Q.
A credit score is a written statement of a consumer's credit history.
