Financial Responsibility

Question 1

A credit report summarizes a person’s .

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credit activity

Question 2

A credit score is a measure of a person’s as a borrower.

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trustworthiness

Question 3

is a factor that contributes to a person’s credit score.

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Payment history

Question 4

It is important to reduce your debt in order to your credit.

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improve

Question 5

Checking your credit report can help you .

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monitor your information

Question 6

One reason people choose to file bankruptcy is because some of their debt will be .

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eliminated

Question 7

What types of information do identity thieves generally try to access? Check all that apply.bank account informationcredit card informationcredit scoresemployment informationSocial Security numbers

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bank account information; credit card information; Social Security numbers

Question 8

Paying down a debt as quickly as possible can help interest owed.

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reduce

Question 9

A major consequence of bankruptcy is that it can an individual’s chances of receiving additional credit for .

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harm

Question 10

A major consequence of bankruptcy is that it can an individual’s chances of receiving additional credit for .

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seven to ten years

Financial Responsibility Answers

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