Managing Financial Information

Question 1

Based on John’s profile, what information should he expect to find on his credit report? Check all that apply.

Revolt · Accepted Answer

inquiries from his lenders, the apartment complex, and Happy Hamburgers; a current account for his student loan; a current account with National Bank

Question 2

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

Revolt · Accepted Answer

prospective employers, to evaluate the risk that you might commit fraud or theft; you, to make sure the reports are accurate and to look for signs of identity theft; creditors, to evaluate the risk of extending credit to you; property owners, to decide whether to rent to you

Question 3

What red flags in this credit report should alert John that something is wrong? Check all that apply.

Revolt · Accepted Answer

He has accounts marked delinquent.; An unfamiliar account for Checkout Inc. appears in his report.; An unfamiliar creditor, Regional Credit Corp., has an inquiry.; His National Bank account balance is high.

Question 4

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

Revolt · Accepted Answer

Someone posing as John has made charges on his account and opened another account.

Managing Financial Information Answers

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