Reviewing Ashley's Credit Bureau Report

Review Ashley's Credit Bureau Report below and answer the 10 Multiple Choice Questions that follow it related to Ashley's credit history and her character.

Credit Bureau Report for Ashley

Current Address:4532 Dundas Street East, Apt. 1232, Toronto, Ontario, CanadaStatus:RentalTime at Current Residence:3 months

Previous Address:1165 Queen Street West, Unit 47, Toronto, Ontario, Canada

Status:RentalTime at Residence:5 months

Age:32Marital Status: DivorcedNumber of Dependants:1

Employer:Niagara Falls State Park (New York State Governement)

Employer Address:Prospect Point, Niagara Falls, New York, USA

Employment Position:JanitorTime on current Position:4 months

Previous Employer:Circle K Gas Bar

Previous Employer's Address:980 Main Street East, Hamilton, Ontario

Employment Position:CashierTime on Previous Position:2 months

Outstanding Credit With:LimitBalancePaymentsRating

CIBC Visa Card2,5003,1003 mnthR6

TD Bank Auto Finance8,3008,7002 mnthI4

Shell Canada Credit Card2,0002,0001 mnthR4

BMO MasterCard4,0004,1002 mnthR3

Wall Mart MasterCard2,0001,800UTDR1

Collection Activity:3 Cases

1)Description:Unpaid Dental Bill (3^rdParty Collection)

Lender:Hamilton Dental ClinicAmount:$839

2)Description: Unpaid Student Loan (Garnishee outstanding)

Lender:Canada Student Loan ProgramAmount:$6,437

3)Description:Unpaid Rent (3^rdParty Collection)

Lender:Queen Street ApartmentsAmount:$1,500

Recent Enquires:

LenderDate

TD Auto FinanceLast month

Wall Mart MasterCardLast week

Niagara Falls ApartmentsLast week

Royal Bank Visa CardLast week

A. Based on your interpretation of Ashley's credit bureau report, which of the following assets do you think Ashley owns?

1. Real Estate such as a house
2. An automobile
3. A savings account with a balance of $5,000
4. An investment portfolio

B. Which of the following Market Conditions is likely to have the mostimmediateimpact on Ashley's TDSR?

1. Interest rates on investments increase
2. The Federal Government reduces the income tax rates
3. The value of the Canadian dollar increases versus the U.S. dollar
4. Oil prices decline

C. Which of the following credit cards is it likely that Ashley has acquired most recently?

1. CIBC Visa Card
2. Shell Canada Credit Card
3. BMO MasterCard
4. Wall Mart MasterCard

D. What is the total amount of debt the Ashley has based on her Credit Bureau Report?

1. $18,800.00
2. $27,576.00
3. $19,700.00
4. $28,476.00

E. Which of the following has the greatest impact on Ashley's TDSR?

1. The third party collection for the unpaid dental bill
2. The garnishee for the outstanding Canada Student Loan
3. The third party collection for the unpaid rent
4. The TD Bank Auto Finance Rating of I4

F. In terms of Character, which of the following provides the greatest risk to Ashley's creditors?

1. Ashley is employed in the USA and lives in Canada
2. Ashley is divorced
3. Ashley has only lived at her current address for 3 months
4. Ashley has only worked for her current employer for 4 months

G. Which of the following statements is definitelyfalsebased on the information available in Ashley's credit bureau report?

1. Ashley is living within her means
2. Ashley continues to seek credit
3. Ashley could be moving shortly
4. Ashley has not made a payment on her CIBC Visa card for the past 3 months

H. Which of the followingis nota risk associated with Ashley's current job?

1. Currency Risk
2. Sovereignty Risk
3. She has not passed her probation period
4. The company could go bankrupt

I. Ashley's WalMart MasterCard is UTD.What does UTD mean?

1. Unable To Determine
2. Undeclared Total Debt
3. Up To Date Payments
4. Payments are Usually Taken Daily

J. How many of Ashley's existing credit facilities are currently over their limit?

1. 2
2. 3
3. 4
4. 5