Credit Report

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1.
1 point
An example of open-end credit is
2.
1 point
The total dollar amount you pay to use credit is the
3.
1 point
Our guest speaker, Mrs. Baggett, works at what bank?
4.
5 points
Which of the following can be tracked by a credit reporting agency?
5.
1 point
How should a creditor begin to correct a mistake on a credit card bill?
6.
1 point
If someone is applying for credit too many inquires can bring your score down.
7.
1 point
Accounts referred by collection agencies stay on your Credit report for how many years?
8.
1 point
A credit score (rating) runs from
9.
1 point
When we have a guest speaker (or anyone speaking) in the classroom we should practice
10.
1 point
What accounts for the largest determining factor of your credit score?
11.
1 point
The price paid for the use of another’s money
12.
1 point
What is our guest speaker, Mrs. Baggett, position at the bank?
13.
1 point
A measure of a person’s ability and willingness to make credit payments on time
14.
1 point
If you do not have any credit (no credit score), you can begin to obtain credit by opening a savings account.
15.
3 points
What are the three major credit reporting agencies?
16.
1 point
An entity, such as a financial institution, merchant, or individual that lends money
17.
1 point
A credit bureau is required to follow reasonable procedures to make sure that
18.
1 point
Credit as a loan with a certain limitation the amount of money you can borrow for a variety of goods and services
19.
1 point
A form of security to help guarantee that the creditor will be repaid