Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 Credit and LoansQuestion 3

3

AssignmentMultiple Choice

Credit and Loans

Question 3 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

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

Answer

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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