When a person declares bankruptcy that fact will appear on the person’s credit report…

Which of the following is considered to be open-end (remember synonymous with revolving credit) credit?

When a person brings an item to a pawnshop to obtain cash, the transaction is considered

What is meant by an uncollateralized loan?

A decision to give an applicant credit is made by the..

The type of credit card issued by an oil company (gas station), bank, or department store is…

The annual percentage rate (APR) is:

The amount a lender charges to borrow money is called the…

The cost to use someone else’s money for a period of time is called the:

Which of the following is the federal law that requires the cost of credit to be disclosed to consumers in bold print on a loan agreement?

Predatory lending practices generally include:

Predatory lending practices do not include which of the following:

Collateral is…

How can you avoid becoming a victim of identity theft?

Jane opened her credit card bill and was surprised by the amount she owed. She cannot pay the full amount of the bill this month. The lowest dollar amount Jane is required to pay by the credit card company is the:

When Mary bought a DVD player, she charged it on her credit card. Her purchase created a(an):

The Equal Credit Opportunity Act:

You can continue to charge purchases on your credit card when…

Approximately, what is the annual finance charge for each $100 owed on a credit card with a 16% annual interest rate (APR)?

The Truth in Lending Act of 1968 requires creditors to…

You used your credit card to buy flowers at the florist. The dollar amount of the purchase was:

Using someone else’s money, promising to repay at a future date, and paying a fee for use of the money, is the definition for:

A creditor determines your creditworthiness based on:

Sharon is 20 years old. She has one gas, two bank, and two department store credit cards. Her application for another credit card has been declined. The probable reason is:

John has a college student loan that he has to repay after he graduates. He will make his monthly payments over ten years. He has the following kind of loan:

A company offers direct deposit of employees' earnings. The company will still provide each employee with a statement that lists the employee’s

Redlining is characterized by a lender who denies a loan:

Why is maintaining a good credit history important to your future?

Consumer Credit Counseling Services (CCCS) offer:

A creditor may deny credit because of:

Matt's wallet, with all his credit cards, was stolen. He needs to:

Consumers who file for bankruptcy are still responsible for:

Victims of predatory lending practices are typically:

Ms. Jackson contacted a mortgage company about refinancing her mortgage. The mortgage company gave her a home loan with unusually high costs and without regard to her ability to repay. This practice is called:

A credit card finance charge is:

If you are denied credit based on your credit report, you are entitled to a:

Debbie was behind on her stereo installment credit contract payments. As a result, the creditor seized and sold the stereo. The sale price did not cover all of the loan balance, the creditor got a court to order her employer to withhold part of her wages. This court order is called:

When you mail your credit card payment on the due date, your payment will be considered:

Claire got a new credit card from American Bank and wants to cancel her USA credit card. The best method is to dispose of her USA credit card is to:

Josh is shopping for a car loan. A friend told him to compare the actual cost of the loan for one year expressed as a percentage from three banks. He needs to ask for the:

Judi and Phil had a joint VISA credit card while they were married. They are now divorced. Who is responsible for the balanced owed on the VISA card?

To improve an UNFAVORABLE credit rating, a person should

An advantage of declaring bankruptcy is

Who uses consumer credit reports in making decisions?

You are behind on your debt payments and go to a responsible credit counseling service, the Consumer Credit Counseling Services. How can they help you?

You were approved for a loan that combines all your debts into one loan with lower payments based on a longer repayment period or lower APR. This type of loans is a:

A person has three credit cards with very large outstanding balances and is unable to make payments on any of them. Which action should the person take?

To qualify for a Federal Housing Administration (FHA) loan, a person must generally

Most Consumer Credit Counseling Services (CCCS):

Which factor would most likely lead to an increase in the interest rate on a person’s credit card?