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CHAPTER VII
Reality check
  1. One of the statements below regarding your credit report is not true.

    a) In these technologically advanced times, there are fewer errors made on credit reports.
    b) You should check your report for credit cards you donít use and close them out.
    c) You should check your report for late payments and credit balances. If you find errors, write explanations to the credit bureaus.
  2. True or False: A credit report is never free.

    a) True
    b) False
  3. Which of the following factors does not affect your credit score?

    a) A number of late payments
    b) High credit limits available on credit cards
    c) The age of your credit file
    d) The number of times a credit card is used
  4. Using general standards, how much of your gross monthly income should be going to pay your home loan expenses?

    a) 26-28 percent
    b) 10-15 percent
    c) 38-40 percent
  5. Which of the criteria listed below has no bearing on whether a person is qualified to get a mortgage on a property.

    a) Employment and income
    b) Debt-to-income ratio
    c) Cash reserves and assets
    d) Education level

 

TABLE OF CONTENTS

CHAPTER I
  Lesson 1
  Quiz

CHAPTER II
  Lesson 2
  Quiz

CHAPTER III
  Lesson 3
  Lesson 4
  Lesson 5
  Quiz

CHAPTER IV
  Lesson 6
  Lesson 7
  Quiz

CHAPTER V
  Lesson 8
  Lesson 9
  Quiz

CHAPTER VI
  Lesson 10
  Lesson 11
  Quiz

CHAPTER VII
  Lesson 12
  Lesson 13
  Lesson 14
  Quiz

CHAPTER VIII
  Lesson 15
  Lesson 16
  Lesson 17
  Lesson 18
  Quiz

CHAPTER IX
  Lesson 19
  Quiz

CHAPTER X
  Lesson 20
  Quiz

CHAPTER XI
  Lesson 21
  Quiz

CHAPTER XII
  Lesson 22
  Lesson 23
  Lesson 24
  Quiz

CHAPTER XIII
  Lesson 25
  Lesson 26
  Lesson 27
  Quiz

CHAPTER XIV
  Lesson 28
  Lesson 29
  Lesson 30
  Quiz

Definitions

 
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