Exam 7: Assessing and Securing Your Credit

________ is a borrowing arrangement in which regular monthly payments of principal and interest must be made.

Building a strong credit file (by making timely payments)when you in college and beginning your career is

The law that prohibits denying credit due to gender,age,race,national origin,religion,or marital status is

What steps can you take to improve your credit score?

Which of the following would not be contacted in all cases of identity theft?

Which of the following is the least common manner in which an identity theft victim discovers the crime?

Most identity theft victims discover the crime in a reactive as opposed to a proactive manner.

You can take all of the following steps to recognize and avoid identity theft online except

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

Creditors prefer a ________ amount of capital and ________ collateral in the best of circumstances.

When creating credit scores,credit bureaus rely on a model created by the Fair Isaac Corporation.

Identity thieves that have systematically infiltrated corporations and financial institutions in order to facilitate large-scale identity thefts are usually a part of

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

Which of the following will not help you establish a good credit history?

All of the following situations are valid reasons to borrow funds except

Revolving open-end credit typically does not specify a maximum amount that can be borrowed.

If a person obtains your credit card number by standing close enough to you to either see your credit card or hear you speak the number during a telephone call,they are

Which of the following is not a factor in the FICO credit scoring?

If you are a victim of identity theft,you may be turned down for employment as a result of incorrect background information.

The Equal Credit Opportunity Act allows a creditor to deny credit based on a person's age.