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A credit score is intended to measure:
True
Paying cash for all purchases
The risk of you not repaying your debt
False
History of rental and utility payments, plus your down payment amount and employment history
False
False
10 years
Which of the following is not a factor in determining a FICO score?
True
Paying cash for all purchases
The risk of you not repaying your debt
False
History of rental and utility payments, plus your down payment amount and employment history
False
False
10 years
If you do not have a FICO score, what factors will determine whether or not you qualify for a mortgage?
True
Paying cash for all purchases
The risk of you not repaying your debt
False
History of rental and utility payments, plus your down payment amount and employment history
False
False
10 years
Individual account information is removed from your credit report seven years after the last activity on the account, except for Chapter 7 bankruptcy, which stays on your credit report for:
True
Paying cash for all purchases
The risk of you not repaying your debt
False
History of rental and utility payments, plus your down payment amount and employment history
False
False
10 years
It is okay to use a credit card if you pay it off every month.
True
Paying cash for all purchases
The risk of you not repaying your debt
False
History of rental and utility payments, plus your down payment amount and employment history
False
False
10 years
Co-signing a loan is a good way to help a friend or relative.
True
Paying cash for all purchases
The risk of you not repaying your debt
False
History of rental and utility payments, plus your down payment amount and employment history
False
False
10 years
You must establish credit in order to buy a house.
True
Paying cash for all purchases
The risk of you not repaying your debt
False
History of rental and utility payments, plus your down payment amount and employment history
False
False
10 years
You can and should obtain a free copy of your credit report annually in order to check for any suspicious activity.
True
Paying cash for all purchases
The risk of you not repaying your debt
False
History of rental and utility payments, plus your down payment amount and employment history
False
False
10 years
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