lesson 9

4 Written Questions

1. Credit score from 300-850 that rates how likely a person is to fall 90 days behind in a payment.
2. A report on a person's creditworthiness that includes identifying information, credit cards, late payments, bankruptcies, and savings balances
3. a loan repaid with interest in equal periodic payments
4. deals primarily with credit reports issued by credit reporting agencies

3 Multiple Choice Questions

1. a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
   1. bankruptcy
   2. forclosure
   3. fico score
   4. lien
2. Mail that gives the sender proof of receipt from the U.S. Postal Service
   1. credit history
   2. lien
   3. certified mail
   4. fico score
3. a large dark-red oval organ on the left side of the body between the stomach and the diaphragm
   1. lien
   2. fico score
   3. forclosure
   4. bankruptcy

3 True/False Questions

1. credit history → A report on a person's creditworthiness that includes identifying information, credit cards, late payments, bankruptcies, and savings balances

   True        False

2. fico expansion score → A creditworthiness score that, like the regular FICO score, has a scale of 300-850, but is based on nontraditional accounts and financial information sources and is designed for young persons, new immagrants, or others without a traditional credit history.

   True        False

3. forclosure → Credit score from 300-850 that rates how likely a person is to fall 90 days behind in a payment.

   True        False