Credit Review

What chapter of bankruptcy is filed for businesses?

• 7

• 11

• 10

• 13

What chapter of bankruptcy is filed for individuals?

• 13

• 16

• 11

• 7

Who created credit scores?

• Fair Issac Corporation

• Fine Issue Cohort

• Fairly Inaccurate Company

What is the range of credit scores?

• 300-850

• 200-500

• 0-100

A statistical number that evaluates a consumer’s creditworthiness and is based on credit history

• Credit Report

• Credit Rating

• Credit Score

A legal term for when a person or business cannot repay their outstanding debts

• poor

• Bankruptcy

• foreclosure

• solvency

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

How long does bankruptcy stay on your credit report?

• 2 years

• Forever

• 7 years

• 10 years

How long does negative information stay on your credit report?

• 10 years

• 7 years

• 12 months

• 20 years

Which of the following is not one of the 5 Cs of credit?

• character

• capacity

• collateral

• convenience

Detailed report of an individual's credit history prepared by a credit bureau

• Credit Report

• Credit Score

• Credit Rating