Exam 7: Assessing and Securing Your Credit

Generally,the ________ the credit history,the ________ the credit limit.

The federal law that prohibits the denying of credit based on gender,age,race,national origin,religion,or marital status is the ________.

If you are making a purchase that you know that you will not be able to pay off for a relatively long period of time,you should seek which type of credit and why.

Discuss at least two ways that you can protect yourself from identity theft.

Free credit reports are accessible to all U.S.consumers at

Of the following statements,which is not a disadvantage of using credit?

The longer you maintain relationships with creditors,the lower will be your credit score.

The use of credit may result in ________ spending and ________ debt.

Your credit report can be requested online and should be checked periodically for errors.

Use the following two columns of items to answer the matching questions below: -skimming

Which of the following is not a disadvantage of using credit?

It is always easier to pay back what you borrow than to obtain credit in the first place.

Identity theft occurs when an individual obtains,without your permission,any of the following information except

The ________ is the most important factor used in the FICO credit scoring model.

All of the following are correct statements about credit except

Of the following statements,which is not an advantage of using credit?

You should be very selective in shredding documents and when in doubt,do not shred them.

If your credit report contains deficiencies,there is really nothing you can do to correct them.

Using more credit than can be repaid is a primary cause of individual bankruptcies.

Going through documents discarded by your bank to obtain information in order to access your bank account is an example of