Question

which of the following is true about a credit report? *
it is a complete history of one type of credit you have
credit reports are maintained by the 5 main credit bureaus
you can get a copy of your credit report for free
you can get a credit report only when youre 21 years old

which of the following does not contribute to your credit score? *
your payment history
which banks issued your credit cards
your debt - to - credit ratio
length of credit history

establishing credit early can help with: *
quick loan approvals
higher credit card limits
avoiding yearly credit checks
getting better interest rates

Explanation:

• First question:
• A credit report is not just a history of one type of credit. Credit bureaus are mainly three (Equifax, Experian, TransUnion). You can get a free credit report annually (not related to age 21).
• Second question:
• Payment history, debt - to - credit ratio, and length of credit history are factors in credit score calculation. The bank that issued the credit card is not a direct factor.
• Third question:
• Establishing credit early helps in getting better interest rates as it shows a good credit history. Quick loan approvals and higher credit card limits may come with time but are not the main early - stage benefits. Yearly credit checks are still necessary.

Answer:

• First question: You can get a copy of your credit report for free.
• Second question: Which banks issued your credit cards.
• Third question: Getting better interest rates.