Global MCQ Practice

🌐 Total MCQ
Home > Economics > Finance > Credit > Credit – Quiz 7
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Credit Quiz 7 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. The difference between what you owe on your home and the balance of the mortgage on the home is called
2. What is NOT a Credit Bureau?
3. Failure to make minimum payment on time
4. What is the first step to get out of debt?
5. Another name for credit is called what?
6. What type of credit score is this 593?
7. The federal Fair Debt Collection Practices Act of 1977 dictates how:
8. Company that collects information about your credit history and sells it to lenders
9. Property put down as security for a loan is known as
10. An example of a bad credit score is _____
11. Which is an execellent credit score
12. Fee charged if the credit card account balance goes over the set credit limit.
13. A legal process in which a BUSINESS who cannot pay the debts reorganize their debt.
14. The extent to which a person or company is considered suitable to receive financial credit, often based on their reliability in paying money back in the past.
15. Why are revolving credit accounts a dangerous idea?
16. Something of value the bank can take if the borrower does not make the required loan payments.
17. Property pledged to assure repayment of a loan?
18. The maximum amount you are allowed to carry as a balance on the card
19. Give an example of digital banking
20. The state of legally having been declared unable to pay off debts owed with available income
21. What organization provides insurance to banks?
22. What is the correlation between your credit score and the interest rate you will pay?
23. Which of the following is NOT a factor in figuring your credit rating?
24. What does good credit say about you?
25. Which of the following is not a type of revolving account?
← PreviousNext →

Related Quizzes

🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books