1. You put an ad on Craigslist for a third roommate. You ask the applicant for a copy of his credit report. Reading the report below, are you comfortable taking this individual on as a roommate? Why or why not? (LO 6-1, LO 6-4)

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Equifax Credit Report Applicant Information Name: SSN: Address: Applicant Information Name: PAT SMI EQUIFAX CREDIT REPORT Fraud Indicators 633-37 This SSN may be invalid - it was other very recently or never issued by the Social Security Administration. Main Str Small To Tradelines Name/Kind of Business HORMEL CR Credit Unions Past Type/Terms Installment ECOA Opened/Reported Balance Limit Individual 07/08/2004 $9,545 $10,000 11/09/2009 Due PAT SM Status: 1Pays account as agreed AKA: CIBC NB Revolving Joint SSN: 633-373 Date of Birth: 04/20/19 All Banks 8/11/2006 11/7/2015 $600 GMAC Current Main St Auto Fin Status: Pays account as agreed Address: Small To Status: 1 CIBC NB Installment Individual 8/1/2006 $0 $10,000 Formar Address: Main St Small To All Banks 000010M 12/1/2015 WASHMU Former Address: Main St Small To Mortgage Status: 1 Status: 1: Pays account as agreed Comment: Line of credit CIBC NB Revolving Individual 8/9/2006 $1,000 Consumer Statements EQUIFAX All Banks All Banks 12/7/2015 Status: 1 Status: Pays account as agreed Comment: Paid account/zaro balance Narrative: Line of credit Date Report 09/02/20 PINCTY JCP/MCC Sales Fin Status: FCU Credit Unions Installment Individual 3/4/2008 $0 $0 12/2/2015 Status: Pays account as agreed Balance Limit Past Due Balance Creditor Totals: $34,227 $61,243 $0