Exam 7: Assessing and Securing Your Credit

The ability to save funds is ________ when credit payments are ________.

Discuss the factors that are used in determining credit scoring in the FICO model.

Which of the following may result in much of your personal financial information becoming part of the public record?

Name and briefly discuss three tactics that an identity thief may use.

If you are making a purchase that you know that you will not be able to pay off for a relatively long period of time,you should seek which type of credit and why.

Which of the following federal agencies should always be notified in the event of identity theft?

Manipulating e-mail viruses and host files to redirect users from legitimate commercial Web sites to bogus Web sites to obtain log-in names and passwords is referred to as

Funds provided by a borrower that will be repaid in the future,with interest,is credit.

Credit cards are an example of revolving open-end credit.

Discuss at least three disadvantages of using credit.

Which of the following is not a disadvantage of using credit?

Improper use of credit may

Discuss the reasons why someone would wish to steal your identity.

________ is short-term credit provided by some department stores to consumers to purchase specific items.

The proper use and control of credit is the best way to build a good credit history.

The longer you maintain relationships with creditors,the lower will be your credit score.

Using a shredder to destroy personal data will protect you from shoulder surfing.

________,________,and ________ are the three major credit bureaus.

Obtaining money,goods,and services are the only reasons for identify theft.

Generally,the ________ the credit history,the ________ the credit limit.