Exam 6: Building and Maintaining Good Credit

Which of the following is a bankruptcy protection scheme that allows income earners to satisfy outstanding debts in whole or in part within a specific time frame?

(Multiple Choice)

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Question 101

The the APR,the the true cost of the credit.

(Multiple Choice)

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Question 102

Negative credit information (excluding bankruptcy) can generally be included on a credit file for ____ years.

(Multiple Choice)

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Question 103

The best measure of the true cost of credit is the

(Multiple Choice)

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Question 104

Signing up for a "free" credit monitoring service where you are automatically renewed on a fee basis unless you cancel at the end of the free period is an example of a negative option plan.

(True/False)

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Question 105

When comparing loans from two or more sources you want to focus on the lowest monthly payment.

(True/False)

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Question 106

If the credit bureau cannot reinvestigate an item on your credit report in ____ days,the item must be removed from your file.

(Multiple Choice)

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Question 107

Taking on excessive debts early in life may compromise your goal of being financially successful.

(True/False)

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Question 108

Lenders pay a fee for each credit report requested.

(True/False)

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Question 109

Divorce could affect the creditworthiness of both partners.

(True/False)

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Question 110

Preapproved is a credit offer based on a pre-qualification of the individual's credit from a credit bureau report.

(True/False)

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Question 111

The Fair Credit Reporting Act requires that reports contain accurate,relevant,and recent information,and that only bona fide users be permitted to review a file for approved purposes

(True/False)

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Question 112

Consumer credit can take the form of an installment loan that is repaid in payments over a period of time.

(Multiple Choice)

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Question 113

Your debt limit is the overall maximum you believe you should owe based on your ability to meet the repayment obligations.

(True/False)

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Question 114

According to a recent study,approximately 5 percent of those applying for credit are turned down.

(True/False)

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Question 115

Closing unused credit card accounts that have been open for a long time will likely not improve your credit score.

(True/False)

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Question 116

A principal problem with using credit is the opportunity cost of being less able to save and invest.

(True/False)

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Question 117

Chapter 7 of the Bankruptcy Act is permitted when it would be highly unlikely that substantial repayment could ever be made.

(True/False)

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Question 118

Which of the following is a court-sanctioned procedure by which a portion of your wages are set aside by your employer to pay a debt?

(Multiple Choice)

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Question 119

Credit bureau files are used to help evaluate applications for

(Multiple Choice)

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Question 120

Showing 101 - 120 of 136

Which of the following is a bankruptcy protection scheme that allows income earners to satisfy outstanding debts in whole or in part within a specific time frame?

The the APR,the the true cost of the credit.

Negative credit information (excluding bankruptcy) can generally be included on a credit file for ____ years.

The best measure of the true cost of credit is the

Signing up for a "free" credit monitoring service where you are automatically renewed on a fee basis unless you cancel at the end of the free period is an example of a negative option plan.

When comparing loans from two or more sources you want to focus on the lowest monthly payment.

If the credit bureau cannot reinvestigate an item on your credit report in ____ days,the item must be removed from your file.

Taking on excessive debts early in life may compromise your goal of being financially successful.

Lenders pay a fee for each credit report requested.

Divorce could affect the creditworthiness of both partners.

Preapproved is a credit offer based on a pre-qualification of the individual's credit from a credit bureau report.

The Fair Credit Reporting Act requires that reports contain accurate,relevant,and recent information,and that only bona fide users be permitted to review a file for approved purposes

Consumer credit can take the form of an installment loan that is repaid in payments over a period of time.

Your debt limit is the overall maximum you believe you should owe based on your ability to meet the repayment obligations.

According to a recent study,approximately 5 percent of those applying for credit are turned down.

Closing unused credit card accounts that have been open for a long time will likely not improve your credit score.

A principal problem with using credit is the opportunity cost of being less able to save and invest.

Chapter 7 of the Bankruptcy Act is permitted when it would be highly unlikely that substantial repayment could ever be made.

Which of the following is a court-sanctioned procedure by which a portion of your wages are set aside by your employer to pay a debt?

Credit bureau files are used to help evaluate applications for

Understanding Personal Finance

Career Planning

Financial Statements,tools,and Budgets

Managing Income Taxes

Managing Checking and Savings Accounts

Credit Cards and Consumer Loans

Vehicles and Other Major Purchases

Obtaining Affordable Housing

Managing Property and Liability Risk

Managing Health Expenses

Life Insurance Planning

Investment Fundamentals

Investing in Stocks and Bonds

Mutual Funds and Exchange Traded Funds

Real Estate and High-Risk Investments

Retirement and Estate Planning

Filters

Exam 6: Building and Maintaining Good Credit

Which of the following is a bankruptcy protection scheme that allows income earners to satisfy outstanding debts in whole or in part within a specific time frame?

The ____ the APR,the ____ the true cost of the credit.

Negative credit information (excluding bankruptcy) can generally be included on a credit file for ____ years.

The best measure of the true cost of credit is the

Signing up for a "free" credit monitoring service where you are automatically renewed on a fee basis unless you cancel at the end of the free period is an example of a negative option plan.

When comparing loans from two or more sources you want to focus on the lowest monthly payment.

If the credit bureau cannot reinvestigate an item on your credit report in ____ days,the item must be removed from your file.

Taking on excessive debts early in life may compromise your goal of being financially successful.

Lenders pay a fee for each credit report requested.

Divorce could affect the creditworthiness of both partners.

Preapproved is a credit offer based on a pre-qualification of the individual's credit from a credit bureau report.

The Fair Credit Reporting Act requires that reports contain accurate,relevant,and recent information,and that only bona fide users be permitted to review a file for approved purposes

Consumer credit can take the form of an installment loan that is repaid in ____ payments over a ____ period of time.

Your debt limit is the overall maximum you believe you should owe based on your ability to meet the repayment obligations.

According to a recent study,approximately 5 percent of those applying for credit are turned down.

Closing unused credit card accounts that have been open for a long time will likely not improve your credit score.

A principal problem with using credit is the opportunity cost of being less able to save and invest.

Chapter 7 of the Bankruptcy Act is permitted when it would be highly unlikely that substantial repayment could ever be made.

Which of the following is a court-sanctioned procedure by which a portion of your wages are set aside by your employer to pay a debt?

Credit bureau files are used to help evaluate applications for

Understanding Personal Finance

Career Planning

Financial Statements,tools,and Budgets

Managing Income Taxes

Managing Checking and Savings Accounts

Credit Cards and Consumer Loans

Vehicles and Other Major Purchases

Obtaining Affordable Housing

Managing Property and Liability Risk

Managing Health Expenses

Life Insurance Planning

Investment Fundamentals

Investing in Stocks and Bonds

Mutual Funds and Exchange Traded Funds

Real Estate and High-Risk Investments

Retirement and Estate Planning

Filters

The the APR,the the true cost of the credit.

Consumer credit can take the form of an installment loan that is repaid in payments over a period of time.