(ACTS) Credit Challenge
Answer these questions and get your score!
1) ECOA Code (Association with account) as shown in the below example hi-lighted in GREEN, displayed as (5) means:
* WESTERN FUNDING 6-00 $3,856-O
8880740 PH ISC 36 5 9-18-01 9-01
A) Authorized User
B) On behalf of
C) Signer
D) Co-signer
* Based on the yellow hi-lighted information above, which answer best describes this information?
2) The PH code signifies this account was which of the following:
A) Personal Home Furnishings
B) Personal or Home (Non-specific)
C) Health & Fitness Clubs
D) Plumbing or Heating services
3) The code shown as ISC signifies this account was which of the following:
A) Insurance Sales Contract
B) Installment Secured Contract
C) Investment securities Contract
D) Installment Sales Contract
4) If the code shown in question number (3) had shown R/V instead of ISC, the R/V would indicate which:
A) Recreational Vehicle Secured contract
B) VA Real Estate Mortgage
C) Repossessed Vehicle
D) Mortgage with Variable Rate
5) You truly understand all the information provided on a Credit Bureau?
A) True B) False