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Which factor would most likely lead to an increase in the interest rate on a person's credit card?
The amount you owe on the card is below your credit limit.
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
A personal loan without assets to cover the loan amount.
fulfill income guidelines
department store charge cards
Late payments
a collateralilzed loan
Notify the credit card companies in order to negotiate a new payment plan.
When a person brings an item to a pawnshop to obtain cash, the transaction is considered
The amount you owe on the card is below your credit limit.
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
A personal loan without assets to cover the loan amount.
fulfill income guidelines
department store charge cards
Late payments
a collateralilzed loan
Notify the credit card companies in order to negotiate a new payment plan.
What is meant by uncollateralized loan?
The amount you owe on the card is below your credit limit.
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
A personal loan without assets to cover the loan amount.
fulfill income guidelines
department store charge cards
Late payments
a collateralilzed loan
Notify the credit card companies in order to negotiate a new payment plan.
To qualify for a Federal Housing Administration (FHA) loan, a person must generally
The amount you owe on the card is below your credit limit.
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
A personal loan without assets to cover the loan amount.
fulfill income guidelines
department store charge cards
Late payments
a collateralilzed loan
Notify the credit card companies in order to negotiate a new payment plan.
A person has 3 credit cards with very large outstanding balances and is unable to make payments on any of them. Which action should the person take?
The amount you owe on the card is below your credit limit.
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
A personal loan without assets to cover the loan amount.
fulfill income guidelines
department store charge cards
Late payments
a collateralilzed loan
Notify the credit card companies in order to negotiate a new payment plan.
When a borrower fails to repay a loan and there is a co-signer on the loan, the most likely result will be
The amount you owe on the card is below your credit limit.
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
A personal loan without assets to cover the loan amount.
fulfill income guidelines
department store charge cards
Late payments
a collateralilzed loan
Notify the credit card companies in order to negotiate a new payment plan.
You can continue to charge purchases on your credit card when:
The amount you owe on the card is below your credit limit.
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
A personal loan without assets to cover the loan amount.
fulfill income guidelines
department store charge cards
Late payments
a collateralilzed loan
Notify the credit card companies in order to negotiate a new payment plan.
Which of the following is considered to be open-end credit?
The amount you owe on the card is below your credit limit.
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
A personal loan without assets to cover the loan amount.
fulfill income guidelines
department store charge cards
Late payments
a collateralilzed loan
Notify the credit card companies in order to negotiate a new payment plan.
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