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 arent required to accept it, they often do, and any positive information you add can make your credit report look more attractive.
2.
If you know you are going to make a credit card payment late, talking with the credit card company will not do you any good.
False. Though its not guaranteed to, the company might extend your due date or waive the late fee for you.
3.
Which of the following is a good credit-building step?
To apply for a small retail store or gasoline company credit card. These are often the easiest cards to get. If you get a card, charge items and pay the bill on time.
4.
Having a credit card that does not report your payment history to the credit bureaus helps you build a good credit history.
False. To build a credit history, you want the card to report your payment history. Otherwise, the bureaus won't know about it.
5.
Credit reports naturally self-correct any errors in your payment history.
False. Unfortunately, it is up to you to be vigilant and correct errors.