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Ty is trying to explain the difference between open-ended closed-end credit to her sister. Which describes closed-end credit?
check each credit report at least once per year
medical information
medical provider
items leased with the condition that the item will be owned by the renter if the contract is completed
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
make the final amount paid substantially higher than the amount originally charged to the credit card
none of the above
equal payments are required on a regular basis until the loan is repaid
Which is NOT an example of a data furnisher?
check each credit report at least once per year
medical information
medical provider
items leased with the condition that the item will be owned by the renter if the contract is completed
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
make the final amount paid substantially higher than the amount originally charged to the credit card
none of the above
equal payments are required on a regular basis until the loan is repaid
Paying the minimum payment on a credit card every month will:
check each credit report at least once per year
medical information
medical provider
items leased with the condition that the item will be owned by the renter if the contract is completed
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
make the final amount paid substantially higher than the amount originally charged to the credit card
none of the above
equal payments are required on a regular basis until the loan is repaid
Jenny is 18 years old and has no credit history, what should she do to build a positive credit history?
check each credit report at least once per year
medical information
medical provider
items leased with the condition that the item will be owned by the renter if the contract is completed
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
make the final amount paid substantially higher than the amount originally charged to the credit card
none of the above
equal payments are required on a regular basis until the loan is repaid
Which is a general rule to minimize identity theft when dealing with credit reports?
check each credit report at least once per year
medical information
medical provider
items leased with the condition that the item will be owned by the renter if the contract is completed
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
make the final amount paid substantially higher than the amount originally charged to the credit card
none of the above
equal payments are required on a regular basis until the loan is repaid
Rent to own loan
check each credit report at least once per year
medical information
medical provider
items leased with the condition that the item will be owned by the renter if the contract is completed
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
make the final amount paid substantially higher than the amount originally charged to the credit card
none of the above
equal payments are required on a regular basis until the loan is repaid
Meghan is how paying Penalty APR. What best describes what happened?
check each credit report at least once per year
medical information
medical provider
items leased with the condition that the item will be owned by the renter if the contract is completed
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
make the final amount paid substantially higher than the amount originally charged to the credit card
none of the above
equal payments are required on a regular basis until the loan is repaid
Which of the following is NOT included in an individual's credit report?
check each credit report at least once per year
medical information
medical provider
items leased with the condition that the item will be owned by the renter if the contract is completed
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
make the final amount paid substantially higher than the amount originally charged to the credit card
none of the above
equal payments are required on a regular basis until the loan is repaid
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