Classic Classic Quiz Understanding Your Credit by Pprothero Pprothero 2 played - 13 yrs ago Understanding your credit QUIZ 11 QUESTIONS hard 1 A credit bureau 'Tradeline' is the credit information reported by creditors to your credit report? TrueFalse 2 Your 'Debt to Income Ratio' is your monthly income divided by your monthly payment obligations. TrueFalse 3 Delinquency is reported to your credit report in 30, 60 and 90+ day increments. TrueFalse 4 How long you've had credit is the largest contributor to your credit score. TrueFalse 5 Closing credit cards is good for improving your FICO score. TrueFalse 6 Keeping your revolving limits high will improve your FICO score. TrueFalse 7 A revolving loan and an installment loan are the same thing. TrueFalse 8 Employers can use your credit to determine if you are eligible for employment. TureFalse 9 A Bankruptcy will impact your credit for 10 years. TrueFalse 10 There is no impact on your credit is you are a co-signer on someone else's loan. TrueFalse 11 If your student loans are in deferment, there is no impact on your credit. TrueFalse A mistake in this Quiz ? Contact the author Commentaires