Question

when may a person view his/her credit report for free?
a at any time and an unlimited number of times
b three times per week, from each of the three main credit reporting agencies
c a person may not review his/her credit report
d if a person has sufficient financial resources
question 16
if an individual agrees to be a co - signer on a credit account, how is his/her credit report affected by the positive or negative use of that credit account?
a becoming a co - signer can only improve a credit report because the co - signers credit report is only affected by positive use of the credit account
b becoming a co - signer can only harm a credit report because the co - signers credit report is only affected by the negative use of the credit account
c becoming a co - signer can both improve and harm a credit report because the co - signers credit report is will reflect both the positive and negative use of the credit account
d becoming a co - signer will not affect an individuals credit report in any way
question 17
when internet scam artists use either pop - up messages or emails to lure consumers into giving personal information this is called:
a dumping
b phishing
c scamming
d spamming

Explanation:

Question (about viewing credit report for free)

To determine when a person may view their credit report for free, we analyze each option:

• Option A: People can't view their credit report an unlimited number of times for free. There are regulations (like one free report per year from each of the three major bureaus, though access has expanded in some cases, but not unlimited).
• Option B: The correct regulatory knowledge is that individuals are entitled to a free credit report from each of the three main credit reporting agencies (Equifax, Experian, TransUnion) once every 12 months (not three times per week). However, among the given options, this is the closest in terms of the idea of access from each bureau, and the other options are clearly incorrect.
• Option C: People can review their credit report, so this is wrong.
• Option D: Viewing a credit report for free is a right, not dependent on financial resources.

When a person is a co - signer on a credit account:

• Option A: A co - signer's credit report is not only affected by positive use. If the primary borrower defaults (negative use), the co - signer is also responsible, and this will negatively impact the co - signer's credit report. So this is wrong.
• Option B: A co - signer can benefit from positive use (e.g., timely payments) as it can improve their credit report. So it's not only harm. This is wrong.
• Option C: As a co - signer, the co - signer is equally responsible for the credit account. So if the account is used positively (e.g., on - time payments), it can help the co - signer's credit. If used negatively (e.g., missed payments), it can harm the co - signer's credit. This is correct.
• Option D: A co - signer's credit report is affected by the credit account's activity because they are legally responsible for the debt. So this is wrong.

• Option A: Dumping is related to selling or disposing of goods, not getting personal info via pop - ups or emails. So this is wrong.
• Option B: Phishing is the act of using pop - up messages or emails to trick consumers into providing personal information (like passwords, credit card numbers). This matches the description.
• Option C: Scamming is a general term, and phishing is a specific type of scamming that involves luring with pop - ups or emails for personal info. So this is not as specific or correct as phishing.
• Option D: Spamming is sending unsolicited messages (usually for advertising), not specifically to get personal info. So this is wrong.

Answer:

B. Three times per week, from each of the three main credit reporting agencies (Note: While the "three times per week" is not accurate in real - world regulation, it is the best among the given options as the other options are clearly incorrect. In reality, individuals are entitled to one free credit report per year from each of the three major credit bureaus, and in some cases, more frequent free access has been provided due to the pandemic or other circumstances.)

Question 16 (Co - signer and credit report)