How much do you know about credit?

1. A "prime" credit score (one that gets you the BEST interest rates) is considered by most lenders to be above:

1 out of 31

5. All credit scores that you can obtain online are true FICO scores:

2 out of 31

6. Maintaining high balances on your credit cards will boost your credit scores:

3 out of 31

12. Checking your credit scores on line will lower them:

4 out of 31

13. Paying an old collection account can lower your credit scores:

5 out of 31

14. Closing your credit cards will improve your credit scores:

6 out of 31

15. To have a good credit score requires carrying a balance on credit cards:

7 out of 31

16. Applying for several credit cards over a 30-60 period will lower your credit scores:

8 out of 31

17. Shopping around for a home or auto loan and having your credit pull multiple times within a 30 day period counts as 1 inquiry:

9 out of 31

18. A Chapter 7 Bankruptcy can remain on the credit report for:

10 out of 31

19. A merged file is when another consumer's information appears on your credit report:

11 out of 31

21. A dismissed Bankruptcy does not have a negative impact on your credit score:

12 out of 31

22. Once a Judgment is filed, you cannot settle for a lesser amount to pay it off:

13 out of 31

23. It will help your credit scores more to pay a collection in full rather than to settle for a lesser amount: 

14 out of 31

24. All creditors are required to reported consumer credit information to all 3 credit reporting agencies:

15 out of 31

25. Secured loans are easier to qualify for than unsecured loans:

16 out of 31

26. A quick way to raise your credit scores it to make a major credit card purchase and pay it off the next month:

17 out of 31

Your new question!

18 out of 31

20. A soft inquiry does not lower your credit scores.

19 out of 31

27. A hard inquiry can stay on the credit report for 2 years; however, it has the biggest impact in the first 90 days.

20 out of 31

2. If you have a credit score of 750 and a new late payment reports, what point range is your score likely to drop:

21 out of 31

3. Closing a credit card with a good payment history can lower your credit scores:

22 out of 31

4. What percentage of credit reports have errors or inaccuracies:

23 out of 31

7. Negative accounts can remain on your credit reports and continue to have a negative impact on your credit scores – even after being paid for:

24 out of 31

8. Doubling up on your monthly payments to pay off your auto loans, personal loans or student loans early will help your credit scores:

25 out of 31

9. If you co-sign a loan and a payment is 30 days past due… this will hurt your credit scores:

26 out of 31

10. Inquiries contribute what % to your credit scores:

27 out of 31

11. A collection account can remain on your credit report for 7 years – even after it has been paid:

28 out of 31

12. A Tax Lien (unpaid) can remain on the credit report for 15 years:

29 out of 31

14. A paid Judgment can remain on your credit report 7 years from the date it was filed:

30 out of 31

21. A paid Tax Lien can remain on the credit report for 7 years from the date it was paid:

31 out of 31