Assessing & Securing Credit Quiz

Credit payment history

To ensure fair access to credit and prohibit discriminatory practices

To ensure that all credit payments will continue to be made in unforeseen circumstances

<p>501 to 990</p> Signup and view all the answers

<p>Send a letter to the credit bureau that issued the credit report</p> Signup and view all the answers

<p>Non-installment credit</p> Signup and view all the answers

<p>Installment credit</p> Signup and view all the answers

<p>Ability to make large purchases</p> Signup and view all the answers

<p>Excessive spending</p> Signup and view all the answers

<p>Revolving open-end credit</p> Signup and view all the answers

<p>Revolving open-end credit</p> Signup and view all the answers

<p>Building a good credit history</p> Signup and view all the answers

<p>Credit provided for a short period, such as retail store credit</p> Signup and view all the answers

<p>Excessive spending</p> Signup and view all the answers

<p>Installment credit</p> Signup and view all the answers

<p>To provide financial security in case of unforeseen circumstances</p> Signup and view all the answers

<p>Access to fair credit and prohibition of discriminatory practices</p> Signup and view all the answers

<p>Credit history</p> Signup and view all the answers

<p>To provide detailed records of credit transactions and calculate credit scores</p> Signup and view all the answers

<p>The likelihood of repaying debt in a timely manner</p> Signup and view all the answers