In: Finance
Which of the following is correct about other uses of credit history?
a. Life insurance companies check credit to help determine the likelihood of premature death
. b. Landlords check credit to help establish the rental rate.
c. Cell phone companies check credit history to help determine the plans a person may be eligible for.
d. Employers often check credit history to help determine salary and bonus for a potential employee.
Ans c. Cell phone companies check credit history to help determine the plans a person may be eligible for.
In Postpaid connections, the cell phone companies give credit period to customers. This credit limit is given on the basis of their credit history.