credit reports and scores

credit reports and scores

9th - 12th Grade

61 Qs

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credit reports and scores

credit reports and scores

Assessment

Quiz

Professional Development

9th - 12th Grade

Practice Problem

Hard

Created by

Niah Renee

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61 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

someone who receives something with a promise to return it or its equivalent

borrower

credit report

Oprah Winfrey

tax lien

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

a loan of a certain amount of money that a borrower must repay in a specified number of equal payments. Also known as installment credit.

borrower

credit report

closed-end report

tax lien

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

businesses hired by lenders to pursue payments on debts that borrowers have not paid back according to the terms of the credit contract

borrower

collection agency

closed-end report

tax lien

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

a person who is equally responsible for paying back debt under the credit terms

borrower

collection agency

closed-end report

co-signer

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

refers to goods, services, and/or money received in exchange for a promise to pay back a definite sum of money at a future date

credit

collection agency

closed-end report

co-signer

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

a record of the borrower's past loans and credit-related transactions

credit

collection agency

credit history

co-signer

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

the maximum dollar amount that can be borrowed

credit

collection agency

credit history

credit limit

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