The Credit Road Map by Patrick Ritchie

Your Score

The correct answers to the questions you missed are in red.

1. What entity enforces consumer rights pertaining to credit?

The Federal Trade Commission (FTC)

2. Which of these could be affected by your credit?

All of the above

3. What happens if a lender does not report your account to the credit bureaus?

They are not required by law to report

4. A divorce decree will not protect your credit.

True

5. Closing all of your credit card accounts could hurt your credit scores in the future.

True

6. Paying your balance on a credit card in full each month will ensure your scores are always at the highest possible.

False

BONUS QUESTION: What is the highest annual fee of any credit card on the market?

$2,500

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Take The Credit Road Map Quiz How is your credit IQ? Take this short quiz to find out: 1. What entity enforces consumer rights pertaining to credit? The Better Business Bureau (BBB) The Federal Communications Commission (FCC) The Federal Trade Commission (FTC) Housing and Urban Development (HUD) 2. Which of these could be affected by your credit? Employment Loan approval Insurance premium All of the above 3. What happens if a lender does not report your account to the credit bureaus? They can be fined by the FTC They can be forced by the credit bureaus They could lose their banking license They are not required by law to report 4. A divorce decree will not protect your credit. True False 5. Closing all of your credit card accounts could hurt your credit scores in the future. True False 6. Paying your balance on a credit card in full each month will ensure your scores are always at the highest possible. True False BONUS QUESTION: What is the highest annual fee of any credit card on the market? $300 $250 $2,500 $400 Your Score The correct answers to the questions you missed are in red. When it comes to uncertainty about credit, The Credit Road Map is the answer. Not bad! You have a basic grasp of some credit fundamentals, and The Credit Road Map is the perfect tool to build on that foundation. Good job! You're ready to take your credit knowledge to the next level with The Credit Road Map. Congratulations! Your quiz score may be perfect, but having a good credit score takes constant effort. Find out how to improve yours with The Credit Road Map. 1. What entity enforces consumer rights pertaining to credit? The Federal Trade Commission (FTC) 2. Which of these could be affected by your credit? All of the above 3. What happens if a lender does not report your account to the credit bureaus? They are not required by law to report 4. A divorce decree will not protect your credit. True 5. Closing all of your credit card accounts could hurt your credit scores in the future. True 6. Paying your balance on a credit card in full each month will ensure your scores are always at the highest possible. False BONUS QUESTION: What is the highest annual fee of any credit card on the market? $2,500

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