Chapter 9 Protecting Credit

Question 1

Attaching card reading devices to ATMs is what kind of identity theft technique?

Accepted Answer

Skimming

Question 2

Which of these does not factor into your FICO score?

Accepted Answer

Your Occupation

Question 3

True or False: Filing for bankruptcy will be recorded on your credit report.

Accepted Answer

True

Question 4

What is the fee charged by a lender on borrowed money called?

Accepted Answer

Interest

Question 5

What is the total amount of money outstanding on a loan called?

Accepted Answer

Principal

Question 6

Which kind of credit is extended only for a short term, such as 30 days or less?

Accepted Answer

Noninstallment Credit

Question 7

Credit scores are calculated based on a model created by the Fair Isaac Corp., also known as:

Accepted Answer

FICO

Question 8

What is the numeric score that uses your credit history to assess your credit worthiness?

Accepted Answer

Credit Score

Questions 8