Pop Quiz

True or False:

1. It's okay to have several credit cards with high balances, as long as you've been paying them on time.
True False

2. Being late by 30 days on your bills could seriously affect your chances of qualifying for a home mortgage loan
True False

3. Shifting several credit card balances to one or two cards can actually hurt your credit rating.
True False

4. You can still qualify for a mortgage loan, even if you don't have a credit card or loan payment history.
True False

5. Credit reports rarely contain errors. 6. You have the right to request corrections to your credit report.
True False

6. The five remodeling projects discussed here are among the best for return on your investment dollar.
True False

7. Taking out a new car loan will show a mortgage lender you are ready for a home loan.
True False

8. Beware of credit counseling agencies that promise to "repair" your credit.
True False

9. Avoid large purchases while saving for a home.
True False

10. Before applying for a mortgage loan, request a copy of your credit report.
True False

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