Exam 7: Assessing and Securing Your Credit

You are ready to make a new car purchase and the manufacturer is offering a 60 month,zero percent interest loan,or,a $1,500 cash rebate.The price of the car is $25,000.Which option should you choose?

Which of the following is not a step you should take to try to improve your credit score?

List at least three disadvantages of using credit.

Improper use of credit may

If you think that your identity has been stolen,the FTC recommends you do all of the following except

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

According to the Federal Trade Commission,the average individual loss as a result of identity theft is about

Which of the following statements is true regarding non-installment credit?

Historical credit problems remain on a credit bureau's report for ________ years while a bankruptcy remains for ________ years.

Making sure that you have an adequate credit standing should be an important part of your overall financial plan.

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

Creditors prefer a ________ level of cash inflows and ________ level of cash outflows.

Posing as an employee of a brokerage firm to obtain information to allegedly update your account information is an example of

If you plan on using your credit card to carry a balance for more than a month or two,you should

________ is a credit arrangement where the balance may be paid off monthly and interest is only charged on the remaining unpaid amount.

The safest way to obtain new checks is to

The impact of credit ________ saving and ________ spending.

At your place of employment,which of the following is acceptable?

Which of the following will not protect you from identity theft while on vacation?

The average credit card balance of undergraduate students including those with a zero balance is between