Q.1
An active account has to have reported activity to a credit reporting company in the past how many days?
60
30
90
120
Q.2
The numerical estimate of how likely a borrower is to fulfill a debt obligation is known as a ...
Credit score
Value estimate
Folly variable
Reporting quotient
Q.3
What is the accounting term that indicates a creditor doesn't expect to collect the debt balance?
Poor performer
Charged off
Innumerate
Write up
Q.4
The credit report information that could cause a consumer to be denied credit is called ...
Negative
Adverse
Failing
Disqualifying
Q.5
A firm that receives, maintains, and provides information about consumer's credit history is known as what?
A collection agency
The Consumer Financial Protection Bureau
A credit reporting agency
A consumer creditor agency
Q.6
What is the term for a legal claim on property to ensure a debt is paid?
Line of credit
Loan
Liability
Lien
Q.7
Which type of inquiry does not affect a consumer's credit rating?
Hard inquiry
Soft inquiry
Q.8
A payment more than __ days late may be reported to a credit reporting agency.
10
20
30
40
Q.9
A credit account where the amount and number of payments are fixed is know as what?
A revolving account
An installment account
A predetermined account
A collateral account
Q.10
What is the legal process where a judge allows a creditor to seize assets for unpaid debt?
Hard billing
Dispute
Garnishment
Discharge