Credit Quiz

How credit savvy are you? Take this simple quiz to find out.

1 Negative items must remain on your credit reports for at least seven years. True
False

2 Credit Bureaus are federally run organizations. True
False

3 You can legally create a new tax ID number to use when applying for credit. True
False

4 You do not need a law firm to dispute items on your credit reports, this is something you can do on your own. True
False

5 Bankruptcies can not be removed from your credit reports. True
False

6 Having an "R1" on your credit report is better than having an "R9". True
False

7 There are only three credit bureaus. True
False

8 The Fair Credit Reporting Act gives you the right to delete accurate items from your credit reports. True
False

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Quick Poll

Credit repair companies are a ...

	total scam; the only way to clean your credit is to wait 7 years.
	total scam; anything a credit repair company can do, you can do yourself.
	good resource for people who need help cleaning their credit reports.
	best starting point for anyone who has a bad credit score.
	gift from the financial Gods