Credit Sense

5 Questions

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Credit Sense

Credit can help you reach your short- and long-term goals. The first step in using credit is understanding your rights and responsibilities. From the new CARD Act to the latest research on identity theft, test your credit knowledge by separating fact from fiction in the quiz.


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Questions and Answers
  • 1. 
    Under the new Credit CARD Act, adults under 21 will need a cosigner to be approved for a credit card.
    • A. 

      True

    • B. 

      False

  • 2. 
    Online “phishing” scams are the most common methods criminals use to commit identity theft.
    • A. 

      True

    • B. 

      False

  • 3. 
    Paying the minimum amount due each month is the fastest and cheapest way to lower debt.
    • A. 

      True

    • B. 

      False

  • 4. 
    A bad credit report could hurt your chances of getting a new job or an apartment.
    • A. 

      True

    • B. 

      False

  • 5. 
    • A. 

      True

    • B. 

      False