Consumer Credit Counseling Service - Las Vegas, Nevada

CCCS Credit Quiz

What's Your Credit Quotient?
Take this test to find out how much you know about credit.

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1) Your employer can get a copy of your credit report without your permission.
2) How many years does bankruptcy information stay on your credit report?
3) You're entitled to a free copy of your credit report if you've been denied credit.
4) Can credit repair companies remove bankruptcies, judgments, liens, late payments, and bad debts from your credit file?
5) Businesses that offer advance-fee loans can ask you to pay for their service before you get the loan or credit.
6) It's a good idea to have your Social Security number printed on your checks.
7) If you report that a credit card has been lost or stolen before someone has used it, the card issuer cannot hold you responsible for any unauthorized charges.
8) Equity stripping could result in you losing your home.
9) A "grace period" lets you avoid the finance charge on your credit card if you pay your current balance in full before the "due date" shown on your statement.
10) Leasing a car always gives you cheaper monthly payments than buying one.
11) You have three days to cancel a new car sale.
12) You should be cautious about using your car as collateral on a loan.
13) Cosigning a loan means you agree to guarantee the debt.
14) Most vehicle leases limit the number of miles you may drive.
15) You have the right to know what's in your credit report.
16) Vehicle repossession does not apply to leased vehicles.
17) Credit scoring is a system creditors use to help determine whether to give you credit.
18) A debt collector may contact you after 9:00 p.m.
19) When you use your home as collateral to take out a loan, you generally have the right to cancel the credit transaction within three business days for any reason.
20) If you pay by credit card or charge card when you shop online, your transaction will be protected by the Fair Credit Billing Act.

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