Which of the following best defines someone's capacity?(1 point)
Responses
Their prior record of paying bills and paying off debts
Their ability to repay a loan
Items attached to a loan that may be seized if they fail to repay
Undocumented loans they received from friends and family members
Their ability to repay a loan
In the context of credit ratings, what is character?(1 point)
Responses
something of value used to secure a loan
a numerical estimate of your creditworthiness
your ability to repay a loan
your prior record of paying your bills and paying off your debts
your prior record of paying your bills and paying off your debts
Which of the following is not going to appear on your credit report?(1 point)
Responses
whether you have ever declared bankruptcy
a list of your employers
your age and gender
your credit card account
your age and gender
Which choice is an accurate fact about credit reports?(1 point)
Responses
You can request one only if you have been turned down for credit
You can request one whenever you want.
You can request one online or over the phone.
You can request one no more than once a year.
You can request one whenever you want.
Darren’s credit report lists seven credit cards that he does not have. What should he do?(1 point)
Responses
He should contact the credit bureau that issued the credit report, his local police, and the federal government at identitytheft.gov.
He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
He should contact the credit bureau that issued the credit report, the companies that issued the two credit cards he does have, and the federal government at identitytheft.gov.
He should contact all three credit bureaus, the companies that issued the seven fraudulent cards, the companies that issued the two credit cards he does have, his local police, and the federal government at identitytheft.gov.
He should contact the credit bureau that issued the credit report, his local police, and the federal government at identitytheft.gov.
A clerical error caused a simple mistake on your credit report. Once you gather proof that the information is incorrect, which two of the following should you provide it to? Choose all correct answers. (1 point)
Responses
the lender that provided the incorrect information
your bank
the federal government
every company that has provided you with credit or a loan
the credit bureau that prepared the report