Question

What can be taken off a credit report?

1. Only Inaccurate items but not public records
2. Any inaccurate, incomplete, unverifiable accounts, old personal information and public records
3. All information can come off at will
4. Both A and B
5. None above

10. How can one establish credit?

1. Apply for a credit card
2. Apply for a secured credit card
3. Apply for a secured bank loan
4. Become an authorized users in someone’s else credit
5. A, B,& C options are correct

11. Can any company or employee obtain a copy of a credit report without the employee or applicant permission?

1. No
2. Maybe if you are the police office
3. Sometimes
4. Yes
5. Yes, but people don’t like it very much

12. What is an Authorized User? Can it affect a credit score? Please note that there could more than one right answers.

1. A person that is authorized to purchase a vehicle in the their employer. However they are not responsible for repayment id the debt. This will enhance their credit score.
2. A person permitted by a credit cardholder to use the card but is not necessarily responsible for repayment of the debt but may be forced to make payments.
3. A person permitted by a credit cardholder to use the card but us not responsible to repayment of the debt. Its is an excellent way to build credit for kids and friends. But could be stopped because of FICO 08.
4. A married couple who is authorized to act in behalf of one another and enjoy a merged credit score (good or bad).
5. Both B &C

Answer 1

Q9)Any inaccurate, incomplete, unverifiable accounts, old personal information and public records, therefore option B is correct

Q10) Option E,  one establish credit by Apply for a credit card, Apply for a secured credit card, Apply for a secured bank loan

Q11) No, The FCRA requires that you give written permission before your employer can access your credit report. An employer who does not obtain your permission before requesting your report has violated the FCRA.- therefor option A

Q12 ) option E