QUESTION IMAGE
Question
- credit isnt a wealth - building tool, its a business that makes money for...
individuals who use credit cards
local businesses and homebuilders
stock market investors, tax agencies, and financial advisors
credit card companies, banks, and lenders
- when looking over your credit report, its important to make sure...
no lines of credit have been opened under your name without your knowledge
your credit score is over 700
at least five businesses have requested your credit report
the information listed is over 10 years old
- the ____________ is the total amount of the car loan, plus taxes and fees.
principal
value
interest
term
Brief Explanations
- For question 26: Credit - related businesses like credit card companies, banks, and lenders profit from credit. They earn through interest, fees etc.
- For question 27: Checking for unauthorized credit - line openings is crucial to prevent identity theft and fraud when reviewing a credit report.
- For question 28: The principal is just the initial amount of a loan, not including taxes and fees. The total amount of a car loan including taxes and fees is the value.
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- Credit card companies, banks, and lenders
- No lines of credit have been opened under your name without your knowledge
- Value