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:
5. All credit scores that you can obtain online are true FICO scores:
6. Maintaining high balances on your credit cards will boost your credit scores:
12. Checking your credit scores on line will lower them:
13. Paying an old collection account can lower your credit scores:
14. Closing your credit cards will improve your credit scores:
15. To have a good credit score requires carrying a balance on credit cards:
16. Applying for several credit cards over a 30-60 period will lower your credit scores:
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:
18. A Chapter 7 Bankruptcy can remain on the credit report for:
19. A merged file is when another consumer's information appears on your credit report:
21. A dismissed Bankruptcy does not have a negative impact on your credit score:
22. Once a Judgment is filed, you cannot settle for a lesser amount to pay it off:
23. It will help your credit scores more to pay a collection in full rather than to settle for a lesser amount: 
24. All creditors are required to reported consumer credit information to all 3 credit reporting agencies:
25. Secured loans are easier to qualify for than unsecured loans:
26. A quick way to raise your credit scores it to make a major credit card purchase and pay it off the next month:
Your new question!
20. A soft inquiry does not lower your credit scores.
27. A hard inquiry can stay on the credit report for 2 years; however, it has the biggest impact in the first 90 days.
2. If you have a credit score of 750 and a new late payment reports, what point range is your score likely to drop:
3. Closing a credit card with a good payment history can lower your credit scores:
4. What percentage of credit reports have errors or inaccuracies:
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:
8. Doubling up on your monthly payments to pay off your auto loans, personal loans or student loans early will help your credit scores:
9. If you co-sign a loan and a payment is 30 days past due... this will hurt your credit scores:
10. Inquiries contribute what % to your credit scores:
11. A collection account can remain on your credit report for 7 years - even after it has been paid:
12. A Tax Lien (unpaid) can remain on the credit report for 15 years:
14. A paid Judgment can remain on your credit report 7 years from the date it was filed:
21. A paid Tax Lien can remain on the credit report for 7 years from the date it was paid: