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JCPenney makes sure all applicants are creditworthy before issuing any of them credit cards. Which regulation is JCPenney adhering?
Equal Credit Opportunity Act
Fair Credit Reporting Act
Statement of account
Option 1: loan for 6 months
Repair services fee may apply statement
Credit counseling
Credit data
Debt repayment plan
Sky Blue Credit Repair Company assists clients with spending less on debt and eliminating credit problems. With which type of credit assistance does the company provide?
Equal Credit Opportunity Act
Fair Credit Reporting Act
Statement of account
Option 1: loan for 6 months
Repair services fee may apply statement
Credit counseling
Credit data
Debt repayment plan
Capital Bank reported John has both saving and checking accounts with its financial institution. Which factor for granting credit related to documentation is the institution's act
Equal Credit Opportunity Act
Fair Credit Reporting Act
Statement of account
Option 1: loan for 6 months
Repair services fee may apply statement
Credit counseling
Credit data
Debt repayment plan
Tim has the option of borrowing $5,000 at a 3% interest rate from a local bank. Which loan option would allow Tim to pay the LEAST amount of money?
Equal Credit Opportunity Act
Fair Credit Reporting Act
Statement of account
Option 1: loan for 6 months
Repair services fee may apply statement
Credit counseling
Credit data
Debt repayment plan
Which is an example of content for a credit contract?
Equal Credit Opportunity Act
Fair Credit Reporting Act
Statement of account
Option 1: loan for 6 months
Repair services fee may apply statement
Credit counseling
Credit data
Debt repayment plan
Han sued a furniture store that verified it provided inaccurate information about his credit history. Which regulation would protect him in having the information corrected?
Equal Credit Opportunity Act
Fair Credit Reporting Act
Statement of account
Option 1: loan for 6 months
Repair services fee may apply statement
Credit counseling
Credit data
Debt repayment plan
Chase Mortgage Company sends quarterly summaries of transactions. Which type of document does the company send?
Equal Credit Opportunity Act
Fair Credit Reporting Act
Statement of account
Option 1: loan for 6 months
Repair services fee may apply statement
Credit counseling
Credit data
Debt repayment plan
After talking with a Sears customer representative about her overdue balance, Tina implemented a strategy that will minimize her debt. Tina used which type of credit assistance?
Equal Credit Opportunity Act
Fair Credit Reporting Act
Statement of account
Option 1: loan for 6 months
Repair services fee may apply statement
Credit counseling
Credit data
Debt repayment plan
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