Credit and Loans Answers

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1
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Read a passage about credit reports here.Based on the passage, who might be interested in your credit report, and why? Check all that apply.prospective employers, to evaluate the risk that you might commit fraud or theftyou, to make sure the reports are accurate and to look for signs of identity theftresidents on your street, to see whether you would be a good neighborcreditors, to evaluate the risk of extending credit to youteachers, to see how likely you are to perform well in school property owners, to decide whether to rent to you

A
prospective employers, to evaluate the risk that you might commit fraud or theft
B
you, to make sure the reports are accurate and to look for signs of identity theft
C
residents on your street, to see whether you would be a good neighbor
D
creditors, to evaluate the risk of extending credit to you
E
teachers, to see how likely you are to perform well in school
F
property owners, to decide whether to rent to you
2
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Based on John’s profile, what information should he expect to find on his credit report? Check all that apply.

A
inquiries from his lenders, the apartment complex, and Happy Hamburgers
B
a note about delinquency from National Bank
C
a current account for his student loan
D
a current account with National Bank
E
a current account with Happy Hamburgers
3

Based on the red flags in John’s credit report, what appears to be happening?

A
Someone has taken over John’s student loan account but failed to make payments on it.
B
Someone posing as John has made charges on his account and opened another account.
C
John has used his National Bank credit card to pay off his student loan.
D
Someone posing as John has applied for a job in his name and used his student loan to buy a car.

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