credit Flashcards
1
Q
major credit bureaus
A
equifax
experian
transunion
2
Q
3 cs of credit
A
character
capacity
capital
3
Q
standard vs itemized deduction
A
itemized deduction varies among
taxpayers
standard deductions are fixed
4
Q
equal credit opportunity act
A
makes it illegal for creditors to grant credit on any other characteristics that don’t reflect credit worthiness
5
Q
max liable amount from a stolen credit card
A
50
6
Q
how long does bankruptcy stay on ur record
A
10yrs
7
Q
what should u do if u can’t repay your credit cards
A
notify your creditors
8
Q
installment loans
A
a loan repaid in periodic payments
9
Q
origination fee
A
fee charged to process a loan
10
Q
collateral
A
security pledged for the payment of a loan
11
Q
credit report
A
details someone’s financial history
