Which of the following can a creditor apply without prior notice?
a)
b)
c)
d)
True or False: Under the Credit CARD Act, creditors cannot increase the interest rate on your credit card.
a)
b)
What does "C-A-R-D" stand for in the Credit CARD Act of 2009?
a)
b)
c)
d)
Under the Fair Debt Collection Practices Act, which of the following collection practices are expressly prohibited?
a)
b)
c)
d)
Which of the following acts prevents putting consumers on a borrowing "black list"?
a)
b)
c)
d)
The Truth in Lending Act guarantees that...
a)
b)
c)
d)
How do you stop the credit bureaus from selling your information?
a)
b)
c)
d)
The three main credit bureaus in the U.S. are...
a)
b)
c)
d)
If you find an error in your credit report, you can start the process by...
a)
b)
c)
d)
True or false: You can obtain a totally free copy of your credit report with no strings attached through annualcreditreport.com.
a)
b)
What is the range for a credit score?
a)
b)
c)
d)
Which of the following negative information would a creditor find in your credit report?
a)
b)
c)
d)
Which of the following is not a responsibility that you have as a credit user?
a)
b)
c)
d)
What are the three C's of credit worthiness?
a)
b)
c)
d)
You should never borrow more than...
a)
b)
c)
d)
How is revolving credit different from installment credit?
a)
b)
c)
d)
Which of the following is not a type of installment credit?
a)
b)
c)
d)
True or false: Utility bills are actually a type of credit.
a)
b)
Who is legally allowed to look at your official credit report?
a)
b)
c)
d)
According to statistics, how long do most people keep their first credit card?
a)
b)
c)
d)
Which of the following can you do even if you have no credit score?
a)
b)
c)
d)
True or false: Every consumer automatically has a credit score generated once they reach the age of 18.
a)
b)
What happens when you have a high credit score?
a)
b)
c)
d)
Which of the following is a disadvantage of credit?
a)
b)
c)
d)
Which of the following is not an advantage of credit?
a)
b)
c)
d)
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