Financial Counseling Certification Program (FiCEP) Practice Exam

Which of the following information is typically NOT included in your credit report?

1. Password information for online access

2. Income and asset information

3. Payment history

4. Account balances

The correct answer is: Income and asset information

The accurate choice reflects that income and asset information is typically not included in your credit report. Credit reports focus primarily on your credit history and behavior rather than personal financial data like your income or the value of assets. Credit reports usually contain information such as payment history, which details whether you've paid your bills on time, as well as account balances, which show outstanding amounts on your credit accounts. These elements are crucial for lenders in assessing your creditworthiness. In contrast, details about your income and assets are usually found in a credit application or financial statement rather than on the credit report itself. This discrepancy highlights the important distinction between what lenders might require for evaluating a loan application versus what is reflected in your credit history.