Credit Review

Reviewing someone's capital, capacity, and character is part of determining their ...

• credit application

• credit default

• credit score

• creditworthiness

The way to avoid paying credit card interest is to

• always pay through through automatic payment

• always pay the full amount

• always pay the late fee when you're late

• always make the minimum payment

The APR is what determines

• how high your late fee will be

• 
  how long you have to pay your balance

  
  

• how many credit accounts you can have

• how much you'll pay in interest

A person's income directly relates to his/her

• capacity

• capital

• character

• creditworthiness

Which of the following can reduce your credit score?

• carrying a balance

• losing your credit card and needing a replacement

• opening many accounts

• paying your bills by check

Making the minimum payment on your credit card

• avoids paying any interest

• pays off your credit card in a year or less

• keeps your credit score intact

• shows good credit management

The agency that handles identity theft claims is

• the FBI

• the Federal Trade Commission

• the local police department

• the secretary of state's office

The best way to get a low interest rate on a loan is with a

• co-signer with you on the loan

• excellent credit score

• loan from the same bank as your checking/savings

• teaser rate

Which of the following is NOT one of the credit agencies?

• Bankrate

• Equifax

• Experian

• TransUnion

The process of figuring out the correct monthly payment for a loan is called

• amortization

• debt consolidation

• piggybacking

• principal