Q 01/05

Which factor carries the most weight in a FICO Score, counting for about 35 percent of the total?

A) Amounts owed

B) Payment history

C) Length of history

D) New credit

Answer · why

B) Payment history

Payment history outweighs even how much you owe, which ranks second at about 30 percent, because the first thing a lender wants to know is whether pas...

Q 02/05

Which credit bureau admitted in 2017 to a data breach that exposed personal details of about 147 million people?

A) Experian

B) TransUnion

C) Equifax

D) Innovis

Answer · why

C) Equifax

Equifax lost names, birth dates and Social Security numbers to the hackers. The firm began in 1899 as Atlanta's Retail Credit Company.

Q 03/05

AnnualCreditReport.com, despite the yearly promise in its name, offers a free report from each bureau how often?

A) Once a week

B) Once a month

C) Twice a year

D) Once a quarter

Answer · why

A) Once a week

Once a week became permanent after the three bureaus first opened weekly access during the COVID-19 pandemic; federal law itself guarantees only one f...

Q 04/05

A perfect credit score on the standard FICO scale, which starts at 300, is which three-digit number?

A) 800

B) 850

C) 900

D) 999

Answer · why

B) 850

850 is the ceiling for base FICO Scores, while the versions built for car loans and bank cards run on a wider scale, from 250 to 900.

Q 05/05

Which negative mark can remain on a credit report for up to ten years, three longer than most others?

A) Foreclosure

B) Repossession

C) Bankruptcy

D) Collection account

Answer · why

C) Bankruptcy

Bankruptcy outlasts the seven-year limit that covers most other bad news on a report, from late bills to accounts sent to collectors.