Understanding Credit

Question 1

Martin used his credit card to buy a new bike. Which statement is true?

Revolt · Accepted Answer

Martin borrowed money to buy the bike.

Question 2

Check all that you included in your response.

Revolt · Accepted Answer

A credit report is a detailed written document about a person’s credit history.; A credit report contains personal information and any information that can be found in public records.; A credit report contains information from collection agencies and information on credit cards or loans.; A credit report lists anyone who has requested a copy of the credit report.

Question 3

You opened three new credit card accounts in a month. increasedecreaseno effect

Revolt · Accepted Answer

decrease

Question 4

Your employer gave you a raise, so your income increased. increasedecreaseno effect

Revolt · Accepted Answer

no effect

Question 5

The balance on your credit card is close to the credit limit. increasedecreaseno effect

Revolt · Accepted Answer

decrease

Understanding Credit Answers

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