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Meghan is how paying Penalty APR. What best describes what happened?
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
once a year, from each of the 3 main credit reporting agencies
3
maintain reasonable amounts of available credit (don't use everything on his limit)
medical information
none of the above
equal payments are required on a regular basis until the loan is repaid
pay the credit card balance in full every month by the due date
When may a person view his/her credit report for free?
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
once a year, from each of the 3 main credit reporting agencies
3
maintain reasonable amounts of available credit (don't use everything on his limit)
medical information
none of the above
equal payments are required on a regular basis until the loan is repaid
pay the credit card balance in full every month by the due date
Ty is trying to explain the difference between open-ended closed-end credit to her sister. Which describes closed-end credit?
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
once a year, from each of the 3 main credit reporting agencies
3
maintain reasonable amounts of available credit (don't use everything on his limit)
medical information
none of the above
equal payments are required on a regular basis until the loan is repaid
pay the credit card balance in full every month by the due date
Jenny is 18 years old and has no credit history, what should she do to build a positive credit history?
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
once a year, from each of the 3 main credit reporting agencies
3
maintain reasonable amounts of available credit (don't use everything on his limit)
medical information
none of the above
equal payments are required on a regular basis until the loan is repaid
pay the credit card balance in full every month by the due date
Jack is trying to be responsible using his new credit card and does not want to pay interest when using the card. How can he LEGALLY avoid paying interest paying interest?
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
once a year, from each of the 3 main credit reporting agencies
3
maintain reasonable amounts of available credit (don't use everything on his limit)
medical information
none of the above
equal payments are required on a regular basis until the loan is repaid
pay the credit card balance in full every month by the due date
Edward want to develop a positive credit history. How should he do this?
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
once a year, from each of the 3 main credit reporting agencies
3
maintain reasonable amounts of available credit (don't use everything on his limit)
medical information
none of the above
equal payments are required on a regular basis until the loan is repaid
pay the credit card balance in full every month by the due date
There are how many credit reporting agencies?
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
once a year, from each of the 3 main credit reporting agencies
3
maintain reasonable amounts of available credit (don't use everything on his limit)
medical information
none of the above
equal payments are required on a regular basis until the loan is repaid
pay the credit card balance in full every month by the due date
Which of the following is NOT included in an individual's credit report?
when she was out of town for the summer, she asked a friend to send in her June July payments. Her friend forgot.
once a year, from each of the 3 main credit reporting agencies
3
maintain reasonable amounts of available credit (don't use everything on his limit)
medical information
none of the above
equal payments are required on a regular basis until the loan is repaid
pay the credit card balance in full every month by the due date
Check it!