Can you please help me in these question? please show me why...

Question 1. The three major credit reporting bureaus that collect credit information include all of the following except?

A. FICO

B. TransUnion

C. Experian

D. Equifax

Question 2. Both hard and soft inquires can impact a person's credit score. Which of the following statements about these inquires is correct?

1.Soft inquires occur when a consumer is applying for an auto loan, mortgage, student loan,personal line of credit, or credit card.

2.Hard inquires occur when a consumer is checking his or her own credit score or when a potential employer is conducting a background check.

A. Both 1 and 2

B. 1 only

C. Neither 1 nor 2

D. 2 only

Question 3. A credit report includes which of the following?

1.Personal information, such as name, address, Social Security number, date of birth, andemployment information.

2.Credit account information, such as the type of account (credit card, auto loan, mortgage, etc.),the date the account was opened, the credit limit or loan amount, the account balance, and thepayment history.

3.Delinquency information and other negative items such as late payments.

A. 1 and 2

B. 1, 2, and 3

C. 2 and 3

D. 1 only

Question 4. A credit report includes which of the following?

1.Personal information, such as name, address, Social Security number, date of birth, andemployment information.

2.Credit account information, such as the type of account (credit card, auto loan, mortgage, etc.), the date the account was opened, the credit limit or loan amount, the account balance, and the payment history.

3.Delinquency information and other negative items such as late payments.

A. 1 and 2

B. 2 and 3

C. 1 and 3

D. 1, 2, and 3

Question 5. FICO scores are an indication of a person's credit worthiness. Payment history is one of the factors that impacts a person's FICO score. For what approximate percent of the FICO score does payment history account?

A. 30-50%

B. 15-30%

C. 75-100%

D. 50-75%

Question 6. FICO scores are an indication of a person's credit worthiness. There are many factors that impact a person's FICO score. Which of the following does not impact a person's FICO score?

A. Salary history

B. Payment history

C. Types of credit

D. The establishment of recent credit

Question 7. Tina has five credit cards with a $5,000 limit on each for a total credit available of $25,000. She owes $1,500 on four of the cards. Since she does not owe anything on the fifth card, she decided that she would cancel the card, which she thought should improve her credit score. Is she correct?

A. Yes. Closing a credit account (source of credit) sends a message that you are responsible for managing your credit.

B. Yes. Closing the account reduces the overall exposure of creditors. In other words, she could have incurred $19,000 more in debt. Now she can only incur an additional $14,000 in debt.

C. No. Closing the account will have no impact on her credit score.

D. No. It will actually reduce her credit score because it causes her credit utilization to increase.

Question 8. Which of the following is correct about other uses of credit history?

A. Employers often check credit history to help determine salary and bonus for a potential employee.

B. Cell phone companies check credit history to help determine the plans a person may be eligible for.

C. Life insurance companies check credit to help determine the likelihood of premature death.

D. Landlords check credit to help establish the rental rate.

Question 9. Will is planning on purchasing a new baseball bat online, as he cannot find it in any of the stores in Georgia. He sees the bat on Amazon for $379, but found it on Shady Jake's Baseball Emporium for $333 plus free shipping. After checking reviews for Shady Jake's, he has some concerns about the reputation of the company. However, he wants to save his dad a few bucks so he uses his dad's debit card to purchase the bat. Will his dad be happy?

A. Yes. Will saved his dad $46 plus shipping.

B. No. Will should have used his dad's credit card, which would have saved the money on the bat and minimized his dad's exposure to the risk of Shady Jake's being a shady operation.

C. No. Will does not need another bat. He is hitting 423 for the season.

D. Yes. Will did the research and found a good place to purchase the bat.

Question 10. James Calhoun received a call from Bank of America (BOA). BOA called to inquire whether or not James was taking out a credit card for a business called Calhoun's Carpets. The credit card application had James' Social Security number, address, and date of birth. James informed BOA that he was not. BOA determined it was a case of fraud. Once this was reported to the credit bureau, they offered James an extended fraud alert. How long will the extended fraud alert last?

A. 5 years

B. 7 years

C. 3 years

D. 10 years