Exam 5: Consumer Credit: Advantages, Disadvantages, Sources, and Costs

Debt-to-equity ratio is

What can be included in your credit report?

Provincial legislation regarding consumer reporting agencies regulate the type of information that can appear in a credit report and protects the consumer's right not to suffer from false information.

If you are an Ontario resident and you have declared personal bankruptcy for the first time,that fact may be reported by credit bureaus for ____________ years.

Financing from car dealers in affiliation with car manufacturers is called a conditional sales contract.

Your credit report may be issued only if this occurs with your consent.

If your credit application is denied,you

A good example of an open-end credit is

A common example of a consumer loan is:

A credit arrangement that has no extra costs and no specific repayment plan is called

Which of the following agencies can produce for a subscribing creditor,almost instantaneously,a report about your past and present credit activity?

Using a credit card,such as Visa or MasterCard is an example of closed-end credit.

What can you do if your identity is stolen?

Incidental credit is a credit arrangement that has no extra costs and no specific repayment plan.

Credit should not be considered a substitute for cash.

Cobranding is the linking of a credit card with a business trade name offering "points" or premiums toward the purchase of a product or service.

Which of the following is not an example of a consumer loan?

What are the two general rules of measuring credit capacity?

Which of these is not a financing option for the purchase of a car?

A term that refers to the borrower's assets or net worth is called