Quiz
If I don’t have a bank account, can I still get a loan?
Yes you canNo you can notYES YOU CAN: banking information is far from being the only source of information about your payment behavior. Such entities as telecommunication, insurance, microloan providers, utility companies and much more institutions help building your credit profile. In some countries even a psychometric score is available, enabling to make a credit decision based on ones personality. Check for this possibility with your credit provider.
No one can access my credit information but me.
TrueFalseFALSE: Your credit information can be accessed by any creditor with your consent. No one can access your credit information without your consent though.
Payment history for utility bills are included in your credit score calculation.
TrueFalseTRUE: Payment history for utility bills are indeed included in your credit score calculation.
You can not influence a credit score – it’s given.
TrueFalseFALSE: the credit score is directly linked with your financial behavior and changes according to changes that happen in your credit history. Changes can be positive or negative and this is reflected in your credit score instantly.
If I get a loan it decreases my credit score.
TrueFalseFALSE: A fact of having a loan does not decrease your credit score. Your credit score might be influenced by how well you are able to repay your credit.
