Chapter 16-19

The two major factors evaluate consumers' creditworthiness are credit score and credit rating

Any public information becomes part of your credit record

A debt collector is allowed to make telephone calls at any time in order to collect

Credit reports are issued by

Consumer request requires the credit bureaus to deny all access to a consumer's credit info

Once credit is established you should have 8 to 10 credit cards

Which of the following is the first step most people take to establish a good credit record

All of the following are danger signs that you are overextending your credit Except

Credit is the most commonly used method of purchase in the united states

Early in the United States, credit consisted of a verbal promise to pay later

Exercising good credit management means

Good way to get started with credit is to open a savings account.

A legal process where money is taken from to pay off a debt is called

Which of the following is most likely to be an impulse purchase

Credit problems usually happen quite suddenly

Which of the following might be included in your credit report

Which of the following might be included in your credit report

Phishing is illegal method of getting personal information

A scam that uses online pop up messages to deceive you into disclosing personal information

When you have insufficient income and assets to pay your debts its called being

Comparison shopping for a credit can ruin your credit rating

Never respond to email requesting personal information

Creditors may ask debtors to agree to pay their debts, after bankruptcy has discharged them

Debt collectors legally may call or visit your place of employment at any time

Before granting you credit, a creditor will check into your past credit performance

Use of gold credit cards improve your credit rating

Credit Card fraud costs businesses and consumers millions of dollars each year

When your earnings exceed your expenses, you have the capacity to take on debt

When another person opens credit in your name that can affect your credit score

This occurs when creditors file a petition with court asking the court to declare you bankrupt

You are involved in a lawsuit, it will probably show up in your credit file?