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The Ultimate Free Credit Report Quiz
by Staff
Even if you pay your bills on time, your credit score could suffer due to mistakes on your credit report. Keeping your report accurate can make the difference between getting the car or house you've always wanted, or having your loan application denied. Do you know how to get a free copy of your credit report? Take our quiz and find out how.

What percentage of Americans know what a credit score represents?

  • less than 15 percent
  • about 30 percent
  • 50 percent or more

Why is your credit score important?

  • The governments gives tax breaks to people with high credit scores.
  • Companies base salaries on credit scores.
  • Banks use credit scores to decide whether to approve a loan request.

How many major companies are there that report credit histories?

  • 3
  • 7
  • 10

A credit score is called a FICO score. What does FICO stand for?

  • Fair Isaac Corporation
  • Fiscal Initiative Complex
  • Financial Incentive and Cooperation

What are the ranges of a FICO score?

  • 0 - 1000
  • 300 - 850
  • 500 - 750

In which year did Equifax first issue its all-purpose credit score?

  • 1917
  • 1945
  • 1989

Approximately how many credit reports are produced each year by the three credit companies?

  • 10 million
  • 100 million
  • 1 billion

How do potential lenders get a copy of your credit report?

  • They have a legal right to a free copy.
  • They must purchase a report from the credit report companies.
  • A database is maintained for all licensed lenders.

What is the primary way to improve your credit score?

  • Pay your bills on time.
  • Pay off all of your debt.
  • Never use your credit cards.

The federal government grants you access to how many copies of your credit score per year?

  • one report every fiscal quarter
  • one report per year
  • one report per year from each company

What are the credit companies legally required to do in cases of suspected credit fraud?

  • They must rework your credit score.
  • They are required to report their suspicions to you.
  • They are obligated to suspend your credit activity until the matter has been resolved.

What is the only place to get a completely free copy of your credit report?

  • the Department of State
  • your local bank
  • the ACRRS

What percentage of Americans are likely to check their credit reports in a given year?

  • 25 - 30 percent
  • 30 - 50 percent
  • 50 - 75 percent

The Federal Trade Commissions suggests avoiding identity theft by which of these methods?

  • Only request your credit report via registered mail.
  • Only request your credit report from your bank.
  • Only acquire your credit report through the ACRRS.

When you receive emails, pop-ups, and other online offers for a credit report what should you do?

  • Politely request that you be removed from their mailing list.
  • Ignore the advertisement.
  • Refresh the web browser.