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Home Q & A Board Science-Related Homework Help Health, Nutrition, and Food Sciences
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Leahlaibe Leahlaibe
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Posts: 546
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6 years ago
Why is a low credit score problematic?
 
  A) It leads to penalties.
  B) It makes it more difficult to borrow.
  C) It lowers your interest rate.
  D) It raises your credit limit.


Which of the following rules was included in the 2009 CARD Act, designed to regulate the credit card industry?
 
  A) Interest rates on credit cards cannot be raised.
  B) You must be at least 21 years old to get a credit card.
  C) Students can receive gifts when they apply for credit cards.
  D) Colleges must disclose marketing contracts with credit card companies.


To check your credit report, start by contacting the
 
  A) Interstate Commerce Commission.
  B) Department of the Treasury.
  C) Department of Commerce.
  D) Federal Trade Commission.


What does a credit score evaluate?
 
  A) how likely a person is to default on a loan
  B) the length of a person's credit history
  C) the amount of debt a person has
  D) the number of credit cards a person holds


Why might a person's first credit card have a high APR?
 
  A) lack of credit history
  B) long credit history
  C) high credit score
  D) low credit limit
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cstew94cstew94
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6 years ago
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Leahlaibe Author
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#2
6 years ago
Thank you for being such a great leader
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