POB 5.01 Review

Al has a good credit score, good income, & capital. What law may the bank have violated?

Which law says that the Credit Bureau must prove credit information they provide is accurate?

Some people must use this to reduce debt, but it harms your credit score for at least 7 years:

Debt collectors cannot call debtors after 9:00 p.m. What regulation are debtors protected?

The formula for calculating simple interest is:

The form which a lender uses to obtain information about you is called a (n)?

Payimg all your bills on time shows that you have good?

A TV is bought December 31st. You have 30 days to pay. What day is payment due?

A bank corrects a mistake on your bank statement. The bank followed what law?

Making monthly payments at Rooms to Go. This is an example of:

Which is NOT an advantage of businesses using credit?

Which is NOT a practice instituted by the CARD Act?

A bank has a 36-month option for borrowing money to pay off debts. What type of credit is this?

Mary has interest in opening a retail store. What "C" of credit will she need to borrow money?

Juan needed some clothes. He shopped at Sears and was offered credit. This is an example of:

Which is a DISADVANTAGE of a business employee overbuying using credit?

What is included in the APR?

A VISA card is an example of which type of credit card?

A loan that will be paid back in 18 months at a set amount each month. What type of loan is it?

If you check your credit report to fix a mistake, this is your right because of what law?

Cost of credit refers to:

If you lose your job during a loan process, you may get denied the loan because of lack of?

A loan officer explained cost of credit and terms of the agreement. Which law applies here?

Who should you contact to receive information on actions to help manage debt?