Free practice test

Credit Authorizer Practice Test

Check what you know about the credit authorizer job with 15 free questions and instant explanations.

Updated By the Career Education Institute Curriculum Team
About this practice test

15 multiple-choice questions on credit authorizer knowledge, safety and vocabulary. Submit to see your score and explanations, or open any question’s answer as you go. Nothing is saved or shared.

Question 1 of 15ECOA prohibits:
Show answer

Answer: Credit discrimination. Fair lending.

Question 2 of 15An adverse action notice:
Show answer

Answer: Explains a denial. Notice.

Question 3 of 15A synthetic ID:
Show answer

Answer: Mixes real and fake data. Fraud.

Question 4 of 15A soft inquiry:
Show answer

Answer: Doesn’t affect score. Check.

Question 5 of 15Apply rules:
Show answer

Answer: Consistently. Fairness.

Question 6 of 15Which term matches this definition: “Using another’s identity.”
Show answer

Answer: Identity theft. Identity theft: Using another’s identity.

Question 7 of 15What does “Synthetic ID” mean?
Show answer

Answer: Fake identity mixing real data.. Synthetic ID: Fake identity mixing real data.

Question 8 of 15Which term matches this definition: “Number rating risk.”
Show answer

Answer: Credit score. Credit score: Number rating risk.

Question 9 of 15What does “ECOA” mean?
Show answer

Answer: Equal Credit Opportunity Act.. ECOA: Equal Credit Opportunity Act.

Question 10 of 15Which term matches this definition: “Check that doesn’t affect score.”
Show answer

Answer: Soft inquiry. Soft inquiry: Check that doesn’t affect score.

Question 11 of 15What does “Credit limit” mean?
Show answer

Answer: Maximum balance allowed.. Credit limit: Maximum balance allowed.

Question 12 of 15Which term matches this definition: “Fair Credit Reporting Act.”
Show answer

Answer: FCRA. FCRA: Fair Credit Reporting Act.

Question 13 of 15What does “Fraud alert” mean?
Show answer

Answer: Flag on a credit file.. Fraud alert: Flag on a credit file.

Question 14 of 15Which term matches this definition: “History of borrowing.”
Show answer

Answer: Credit report. Credit report: History of borrowing.

Question 15 of 15What does “Override” mean?
Show answer

Answer: Approval outside normal rules.. Override: Approval outside normal rules.

How to study

View training