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Credit And Credit Cards Pre-test

Question 1 of 3

Q1 . Your credit rating may be checked when you try to rent an apartment.

Q2 . Credit card companies can charge you a late fee even if you are only a couple of days late.

Q3 . Having a low credit score is a good thing.

Q4 . Insurance companies can determine what rates you will pay for car insurance based on your credit score.

Q5 . It is not a good idea to pay your balance in full each month because this will upset the credit card company.

Q6 . When applying for a new job, your potential new employer can check your credit file with your permission.

Q7 . It is best to close all credit card accounts and deal only in cash to improve your credit score.

Q8 . Interest rates you pay on your home loan are based upon your credit score.

Q9 . Credit information that is collected for your credit report can be obtained from stores where you have credit accounts, your bank or credit union, or other businesses where you have accounts.

Q10 . If you have filed bankruptcy, that information remains in your credit file for 10 years.

Q11 . Opening several new credit accounts within one month will improve your credit score as that shows that you are creditworthy.

Q12 . Your "credit line" is the maximum balance the credit card company will allow you to have.

Q13 . A "store credit card" is a credit card that can only be used at one company's store.

Q14 . Credit card companies don't like to give credit cards to people in their late teens and early twenties.

Q15 . If you fall behind on your credit card payments, the credit card company is not allowed to report this to anyone. This is confidential information.

Q16 . A credit report

Q17 . All credit cards

Q18 . Credit cards can only be used to buy things. They cannot be used to obtain cash.

Q19 . Most credit cards charge you interest even if you pay your balance in full each month.

Q20 . Which of the following statements are true?

Q21 . When you have a credit card...

Q22 . When you use a credit card...

Q23 . All credit cards have an annual fee that you must pay to the credit card company.

Q24 . Your credit rating may be checked when you try to rent an apartment.

Q25 . Credit card companies can charge you a late fee even if you are only a couple of days late.

Q26 . Having a low credit score is a good thing.

Q27 . Insurance companies can determine what rates you will pay for car insurance based on your credit score.

Q28 . It is not a good idea to pay your balance in full each month because this will upset the credit card company.

Q29 . When applying for a new job, your potential new employer can check your credit file with your permission.

Q30 . It is best to close all credit card accounts and deal only in cash to improve your credit score.

Q31 . Interest rates you pay on your home loan are based upon your credit score.

Q32 . Credit information that is collected for your credit report can be obtained from stores where you have credit accounts, your bank or credit union, or other businesses where you have accounts.

Q33 . If you have filed bankruptcy, that information remains in your credit file for 10 years.

Q34 . Opening several new credit accounts within one month will improve your credit score as that shows that you are creditworthy.

Q35 . Your "credit line" is the maximum balance the credit card company will allow you to have.

Q36 . A "store credit card" is a credit card that can only be used at one company's store.

Q37 . Credit card companies don't like to give credit cards to people in their late teens and early twenties.

Q38 . If you fall behind on your credit card payments, the credit card company is not allowed to report this to anyone. This is confidential information.

Q39 . A credit report

Q40 . All credit cards

Q41 . Credit cards can only be used to buy things. They cannot be used to obtain cash.

Q42 . Most credit cards charge you interest even if you pay your balance in full each month.

Q43 . Which of the following statements are true?

Q44 . When you have a credit card...

Q45 . When you use a credit card...

Q46 . All credit cards have an annual fee that you must pay to the credit card company.

Q47 . Your credit rating may be checked when you try to rent an apartment.

Q48 . Credit card companies can charge you a late fee even if you are only a couple of days late.

Q49 . Having a low credit score is a good thing.

Q50 . Insurance companies can determine what rates you will pay for car insurance based on your credit score.

Q51 . It is not a good idea to pay your balance in full each month because this will upset the credit card company.

Q52 . When applying for a new job, your potential new employer can check your credit file with your permission.

Q53 . It is best to close all credit card accounts and deal only in cash to improve your credit score.

Q54 . Interest rates you pay on your home loan are based upon your credit score.

Q55 . Credit information that is collected for your credit report can be obtained from stores where you have credit accounts, your bank or credit union, or other businesses where you have accounts.

Q56 . If you have filed bankruptcy, that information remains in your credit file for 10 years.

Q57 . Opening several new credit accounts within one month will improve your credit score as that shows that you are creditworthy.

Q58 . Your "credit line" is the maximum balance the credit card company will allow you to have.

Q59 . A "store credit card" is a credit card that can only be used at one company's store.

Q60 . Credit card companies don't like to give credit cards to people in their late teens and early twenties.

Q61 . If you fall behind on your credit card payments, the credit card company is not allowed to report this to anyone. This is confidential information.

Q62 . A credit report

Q63 . All credit cards

Q64 . Credit cards can only be used to buy things. They cannot be used to obtain cash.

Q65 . Most credit cards charge you interest even if you pay your balance in full each month.

Q66 . Which of the following statements are true?

Q67 . When you have a credit card...

Q68 . When you use a credit card...

Q69 . All credit cards have an annual fee that you must pay to the credit card company.