4
AssignmentMultiple Choice

Managing Financial Information

Question 4 • TX-Personal Financial Literacy and Economics

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.