Question 1.
Your credit report
provides information about how much money you owe and if you pay your bills on
time.
True
False
Question 2.
When you borrow money, credit reporting
agencies report this to your employer.
True False
Question 3.
A low credit score means
you have bad or no credit.
True False
Question 4.
Credit reporting
agencies look at your debt, your credit history and payment history to decide
your credit score.
True
False
Question 5.
Banks and other creditors and lenders talk to your neighbors and family
members to decide if they want to give you a credit card.
True
False
Question 6.
If you have a low credit score, you have a better chance of getting credit.
True
False
Question 7.
If you are a high risk, you
probably won't get approval for credit or a loan.
.
True
False