Question

select the correct answer.

1. once you turn 18, you should regularly check your credit report...

for errors or signs of identity fraud
to keep an eye on your credit score
to make a plan for improving your credit score
only if you have a credit card

1. making purchases with a credit card means that youre borrowing money with interest,

and ______ pay much higher interest rates.
young people
rich people
old people

Explanation:

1. Checking credit reports for errors or identity fraud is a fundamental reason as it safeguards financial integrity. Credit scores (while related) are part of the report but the primary preventive check is for fraud/errors. Making a plan is a follow - up (not the main initial reason). And checking isn't only for credit - card holders.
2. Young people often have less credit history and are considered higher - risk borrowers by credit card companies, so they pay higher interest rates compared to more established (in credit terms) rich or old people (who may have better credit profiles).

Answer:

1. For errors or signs of identity fraud
2. Young people