Credit Quizzes-A person can get a free credit

Answer to Quiz

A person can get a free credit report on himself.

Answer: (a), true
A "credit report" is the report maintained by credit bureaus on the borrowing activities and credit worthiness of individuals and businesses. Credit reports are reviewed by lenders and providers of goods and services to determine whether or not to extend credit to a consumer or business. Consumers are entitled to receive a free copy of their credit report once a year, which can be requested through www.anualcreditreport.com.

Next Quiz:

A credit report is:

(a) A numerical value that summarizes an individual's creditworthiness, the most well knowing being a FICO score
(b) A report from a credit rating agency on the creditworthiness of a bond issuance.
(c) A report from a credit union on its capitalization
(d) A report maintained by credit bureaus on the borrowing activities and creditworthiness of individuals and businesses

Word of the Day

Ordinary Loss

An "ordinary loss" refers to a loss for tax purposes that is not a capital loss and...

Ordinary Loss

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