Credit and Loans

Question 1

A credit report summarizes a person’s .

Revolt · Accepted Answer

B: credit activity

Question 2

The bank is likely to consider Alex a borrower.

Revolt · Accepted Answer

B: high-risk

Question 3

It is important to reduce your debt in order to your credit.

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C: improve

Question 4

One reason people choose to file bankruptcy is because some of their debt will be .

Revolt · Accepted Answer

B: eliminated

Question 5

What types of information do identity thieves generally try to access? Check all that apply.bank account informationcredit card informationcredit scoresemployment informationSocial Security numbers

Revolt · Accepted Answer

A: bank account information; B: credit card information; E: Social Security numbers

Question 6

Personal information should be .

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B: kept safe and secure

Question 7

A credit score is a measure of a person’s as a borrower.

Revolt · Accepted Answer

C: trustworthiness

Question 8

As a result of his financial situation, Alex likely has a(n) credit score.

Revolt · Accepted Answer

C: low

Question 9

Paying down a debt as quickly as possible can help interest owed.

Revolt · Accepted Answer

C: reduce

Question 10

A major consequence of bankruptcy is that it can an individual’s chances of receiving additional credit for .

Revolt · Accepted Answer

B: harm

Credit and Loans Answers

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