Establishing a high level of creditworthiness

Assignment Help Financial Management

Reference no: EM131064623

TRUE OR FALSE:

1. Always paying cash is helpful in establishing a high level of creditworthiness.

2. Credit reports contain non-discriminatory information.

3. The FACT Act of 2003 established the website www.creditreporting.com for consumers to check their credit report for free.

4. Understanding how credit works and how it relates to you is important for many aspects of your life.

5. Bounced checks that have not been taken through the court system will show up on your credit reports.

6. It is 100% safe to buy things online from any vendor.

7. Too many hard inquiries in a short amount of time can hurt your credit.

Reference no: EM131064623

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