Everyone who applies for credit is approved.

• True

• False

Credit guard services are a great value because they are inexpensive and provide services that you cannot do for yourself.

• True

• False

Which law requires creditors to investigate and resolve billing errors?

• Fair Credit Reporting Act

• Fair Credit Billing Act

• Equal Credit Opportunity Act

• Consumer Credit Protection Act

What is the most likely outcome if someone steals your identity and open a credit card in your name?

• Your credit score will increase because credit is being used in your name.

• You will not be able to open a credit card because there is already one under your name.

• Your credit score will decrease because the identity thief isn't paying the credit card debt.

• You will be arrested for credit fraud.

Property pledged to assure repayment of a loan

• character

• capacity

• capital

• collateral

The complete record of your borrowing and repayment performance

• credit report

• credit bureau

• credit check

• credit history

Information from public records becomes part of your credit report.

• True

• False

How much does a credit guard service cost?

• Free

• $5-10 per month

• $15-50 per month

• $15-50 per year

Which law prohibits creditors from denying credit to someone based solely on their religion?

• Fair Credit Billing Act

• Equal Credit Opportunity Act

• Truth in Lending Law

• Fair Debt Collection Practices Act

The account details section of a credit report shows the monthly balances of all of the consumer's credit accounts.

• True

• False