Damn Flashcards

0
Q

Shred all bank statements bills or other documents

A

K

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1
Q

___ is a crime in which one person fraudulently uses another identity to obtain credit or to access find animal accounts

A

Identity theft

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2
Q

If you find out your identity has been stolen

A

Contact the 3 major credit reporting agencies to have a fraud alert

Contact each business that has Extended credit to you and explain what happened

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3
Q

Credit reporting agencies

A

Experian equifax trans Union

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4
Q

What is the measure of your dependability to repay a loan

A

Dependability

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5
Q

____ is a measure of your financial responsibility

A

Character

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6
Q

_____ is a measure of a consumers ability to repay a debt on time

A

Capacity

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7
Q

Capital is a measure of a consumers ability to repay a debt on time

A

Capital

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8
Q

A persons record of paying bills and debts over time is ones

A

Credit history

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9
Q

_____ is a system that assigns a number to each consumer indicating where this person is a good or bad credit risk

A

Credit scoring

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10
Q

_____ are used to set interest rates on some loans

A

FICO

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