Credit Quizzes - E-PersonalFinance

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

A "FICO score" is:

(a) A federal insurance score on banks (b) An individual's credit score (c) The Federal Internal Credit Optimization Act of 1998 (d) A federal analysis of the creditworthiness of broker-dealers

Which of the following is not one of the main credit reporting agencies in the U.S.?

(a) Equifax (b) TRW (c) American Express (d) TransUnion

A subprime loan:

(a) Provides for loans at less than the prime interest rate (b) Is primarily for public companies (c) Is a loan made to individuals whose credit rating is lower than a typical qualified borrower (d) Is made only to individuals with high credit scores

NSF refers to:

(a) Not sufficient funds (b) National security funds (c) Non-taxable stock funds (d) Non-securitized fidelity bonds

The federal agency that protects consumers' rights when applying for credit is:

(a) FCRA (b) FDIC (c) RHLMC (d) OCC

There are four main credit report agencies.

(a) True (b) False

A person can get a free credit report on himself.

(a) True (b) False

A "Chapter 11" typically refers to:

(a) An insolvency under state law (b) A federal bankruptcy proceeding to liquidate a company (c) A federal proceeding for reorganization of the debts and obligations of a business (d) An individual bankruptcy filing

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