Personal Finance Obj. 6.01

Front

Which is not an example of a data finisher? Options: Medical provider, Landlord, Credit card company, Utility company

Back

Medical provider

Front

How can Edward develop a positive credit history?

Back

maintain reasonable amounts of available credit

Front

What is the best thing Becky could do with her Belks' store credit card if she no longer wants to use it?

Back

Close the account by phone and in writing, then destroy the card.

Front

Which of the following is NOT included in an individual's credit report? Options: Bankruptcies and foreclosures, Account balances, Medical information, Current and past addresses

Back

Medical information

Front

When may a person view his/her credit report for free?

Back

Once a year, from each of the three main credit reporting agencies

Front

Robert's credit application has been declined because of his negative credit history. Which statement is most likely to be true? Options: Robert holds 2 store credit cards, a bank credit card, a car loan and a mortgage, Robert has applied for 4 credit cards and a car loan in the past 6-weeks, Robert has received 3 traffic tickets in the past 2 months, Robert pays his bills consistently and on time

Back

Robert has applied for 4 credit cards and a car loan in the past 6-weeks

Front

What does a low credit score likely mean for Kyjuan when borrowing money? Options: The interest rate on his loan will be lower, The purchase price of the item will be higher, The monthly loan payments will be lower, The interest rates on his loan will be higher

Back

The interest rates on his loan will be higher, since his credit score is low

Front

What should Khalaja do to begin to build a positive credit history after her credit application was declined due to no credit history?

Back

Khalaja should obtain a secured credit card.

Front

What is a credit score?

Back

a numerical summary of your credit history

Front

Does a consumer have one or multiple scores?

Back

multiple