Question

In: Finance

Which of the following is correct about other uses of credit history? a. Life insurance companies...

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.

Solutions

Expert Solution

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.


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