Which Helps To Establish A Negative Credit History

Question: Which information is found on a credit report?

Answer: credit account history

Question: Before applying for a credit card, Jacob examines his credit report. Which explains why Jacob might examine his credit report?

Answer: to determine if he has a history of good credit

Question: Dahlia is explaining to her sister why a positive credit history is important. Which of the following should Dahlia give as reasons for a positive credit history? Check all that apply.

Answer: A good credit history results in lower interest rates.

A good credit history makes borrowing easier.

Question: Isabella bought a CD player at the store. She will receive the bill at the end of the month. She plans to pay $30 each month until the bill is paid in full. How did Isabella pay for the CD player?

Answer: credit card

Question: Tamera and Rupert each applied for the same credit card through the same company. Tamera has a positive credit history. Rupert has a negative credit history.

Which compares their credit limits and likely interest rates?

Answer: Tamera’s credit limit is most likely higher than Rupert’s, and her interest rate is most likely lower.

Question: Quincy listed information from his credit report. Which list could Quincy have written?

Answer: previous address, current address, bankruptcy, car loan payment history

Question: Which helps to establish a negative credit history?

Answer: Pay less than the minimum amount due.

Question:

Answer: Sal used a debit card and paid a total of $324.80 for the stereo.

Question: Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score?

Answer: Pete is irresponsible and will not pay the loan back on time.

Question: Tyler is using a credit card to purchase a television. Which of the following should Tyler expect? Check all that apply.

Answer: to receive a bill at a later date

to be able to pay for it over time

to pay interest if he does not pay in full by a certain date

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