Fact or Fiction?

Can you separate fact from fiction when it comes to credit reports? Click each link below to learn more, then try your hand at a brief quiz.

  • Credit is impossible to get if you don’t already have it.
    Fact or Fiction?

  • A credit score can be rebuilt over time.
    Fact or Fiction?

  • Overspending and not “credit” is what got Americans into the current financial mess.
    Fact or Fiction?

  • Bankruptcy protection is perfect for people with really large amounts of debt.
    Fact or Fiction?

  • There are many scores that lenders may use to determine creditworthiness.
    Fact or Fiction?

  • The credit bureaus report people as having either good or bad credit.
    Fact or Fiction?

  • Once a delinquent loan or credit card balance is paid off, the item is not immediately removed from a credit report.
    Fact or Fiction?

  • If bills aren’t paid on time because a consumer believes the bill is incorrect, the consumer can be held accountable.
    Fact or Fiction?

  • Paying cash for everything can help a credit rating.
    Fact or Fiction?

  • A divorce may impact credit scores.
    Fact or Fiction?

  • The three credit reports from the three credit bureaus will be the same.
    Fact or Fiction?

  • Debit cards can help credit reports and scores.
    Fact or Fiction?

  • The best way to improve credit scores is to pay off all accounts and close them.
    Fact or Fiction?

  • Bad credit can impact candidates getting hired.
    Fact or Fiction?


  • Try this
    Fact or Fiction quiz

    to test
    your knowledge.

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