Question

when would a cell phone company use a credit report? select true or false for each statement. a cell phone company uses a credit report to decide whether you can pay for a phone in monthly payments. a cell phone company uses a credit report to decide whether you can pay for a phone with cash. a cell phone company uses a credit report when deciding whether you are eligible for a cell phone plan.

Explanation:

A credit report shows a person's credit - worthiness. For monthly payments, the company wants to know if the customer can be trusted to pay over time, so they use a credit report. Paying with cash doesn't involve credit - related risk, so no need for a credit report. For cell phone plans, especially those with credit - based terms like post - paid plans, the company checks credit to assess risk.

Answer:

1. True
2. False
3. True