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1. Which are the three major credit bureaus in the United States?
 
A:Experian, Equifax, TransUnion
B:American Express, Master Card, Visa
C:Bank of America, Citibank, Chase Manhattan
2. What is the best way to improve your credit?
 
A:File for bankruptcy
B:Apply for credit to pay off previous debts
C:Make all payments on time, every time
D:Ignore charge-offs on your credit report
3. Can an employer can get a copy of your credit report without your permission?
 
Yes
No
4. How long can a bankruptcy stay on your credit report?
 
A:2 years
B:5 years
C:7 years
D:10 years
5. What information is used to calculate your credit score?
 
A:Your average credit history from the previous year
B:The information that appears on your credit report the day your score is calculated
C:Information contained on your credit reports from the last three months
D:Your credit report and bank statements
6. Credit repair companies:
 
A:Can “clean up” your credit by removing accurate, negative information
B:Can only legally dispute inaccurate information on a credit report, which you may do yourself for free
C:Help you legally create a new credit history
D:Do a better job if you pay them more money
7. Under what circumstances are consumers entitled to a free credit report from a credit bureau?
 
A:After they have been denied credit
B:If they live in one of the five states that have laws mandating annual free credit reports
C:When they write to a bureau and request a copy of their own report
D:A and B only
8. When you marry, your credit report:
 
A:Is merged with your spouse’s credit history
B:Stays the same. The only information on both spouses’ reports are joint accounts or those for which one spouse is an authorized user.
C:Shows your spouse’s debt in a separate section
D:Is wiped clean so you can start again

 
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