21: Factors That Affect Your Credit Rating: Question Preview (ID: 26282)


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_______ refers to savings and other assets you own
a) cosigner
b) Capacity
c) stability
d) Capital

A _________is someone who signs a lease or loan with you. This person agrees to pay the bill if you do not
a) cosigner
b) It is important to have a good credit rating because it will be easier for you to
c) Capacity
d) Experian TransUnion Equifax

You can see why a bank would want to know about a person's credit history. They want to know if you are _________.
a) trustworthy
b) character, capacity, capital, conditions, and collateral.
c) cosigner
d) pay off the loan

Another tool a lender uses to determine your creditworthiness is your ________. This three-digit number is calculated by looking at the data in the credit report.
a) credit rating
b) credit score
c) Capital
d) cosigner

that lenders lend money only to those individuals or businesses that are most likely to pay them back. This type of borrower is known as a
a) a good credit risk.
b) credit score
c) a Bad credit risk.
d) credit rating

work for banks and other financial lending institutions. They assist consumers and businesses in applying for and receiving loans and mortgages
a) cosigner
b) Capital
c) Loan officers
d) pay off the loan

If the person that gets the loan doesn't pay the person that cosigned the loan will have to
a) Loan officers
b) Capital
c) pay off the loan
d) cosigner

many different people will use your credit history , they include
a) character, capacity, capital, conditions, and collateral.
b) employers, loan officers, insurance agents, and landlords
c) a good credit risk.
d) Capital

Remember, maintaining accounts for a long time demonstrates _______to lenders.
a) stability
b) Capacity
c) Capital
d) cosigner

The Five C's of Credit are factors that determine your creditworthiness
a) character, capacity, capital, conditions, and collateral.
b) a good credit risk.
c) credit rating
d) Experian TransUnion Equifax

many different people will use your credit history to make decisions about you. This includes
a) ratings
b) employers, loan officers, insurance agents, and landlords. As a result, your credit history is very important.
c) character, capacity, capital, conditions, and collateral.
d) pay off the loan

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