Choose wisely. There is only one correct answer to each question.
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1.
You can add new information to your credit report.
True. Though credit bureaus aren't required to accept it, they often do, and any positive information you add can make your credit report look more attractive.
2.
Which of the following is NOT a good reason to have a credit card?
To pay for daily expenses. Daily expenses are best paid for with cash.
3.
If you have bad credit and you want to get a loan or credit card from a bank, which of the following is the most effective thing to do first?
Have a deposit account. A deposit account is a sign of stability; also, it can be a source of collateral for a credit card.
4.
For incorrect information that you find on your credit report, complete and submit a _______ to the credit bureau for investigation.
Disputed items form. The credit bureau will provide you with a disputed items form to fill out. When submitted, the credit bureau will investigate the items you dispute.
5.
To rebuild credit, it can help if you use your credit card every month.
True. Using it regularly can help you build up your credit. Also, paying it off on time can help you build your credit rating.