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How much do you really know about your credit? Take our credit quiz totest your credit expertise. Choose
the answer that you think is correct and click the "How Did I Do?" button at the end to see how you scored.
 
1. What are the three major credit bureaus in the U.S.?
A: Experian, Equifax, TransUnion
B: American Express, MasterCard, Visa
C: Bank of America, Citibank, Chase Manhattan
2. Can checking your own credit report hurt your credit score?
3. An employer can get a copy of your credit report without your permission.
4. How long can a bankruptcy stay on your credit report?
A: 2 years   C: 7 years
B: 5 years   D: 10 years
5. What information is used to calculate your credit score?
A: Your average credit history from the previous year
B: The information that appears on your credit report the day your score is calculated
C: Information contained on your credit reports from the last three months
D: Your credit report and bank statements
6. How do credit repair companies help you?
A: They can "clean up" your credit by removing inaccurate negative information
B: They can only legally dispute inaccurate information on a credit report, which you may do yourself for free
C: They can help you legally create a new credit history
D: They can do a better job if you pay them more money
7. When is a consumer entitled to receive a free statutory credit file disclosure from
    a credit-reporting agency?
A: After they have been denied credit
B: Under the FACT Act, Americans will have the right to 1 free statutory credit file disclosure every 12 months from each of the 3 national credit reporting agencies; Georgia residents will be entitled 2
C: When they write to a bureau and request a copy of their own report
D: A and B only
8. When you get married, what happens with your credit report?
A: It is merged with your spouse's credit history
B: It stays the same. The only information on both spouses' reports are joint accounts or those for which one spouse is an authorized user
C: It shows your spouse's debt in a separate section
D: It's wiped clean so you can start over again
9. Once you pay off a negative record, it is removed from your credit report.
True False
10. Will paying off a debt add 50 points to your credit score?
Yes No
* Quiz derived from CreditExpert.com

 

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