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Bankruptcy is
credit report
credit limit
(old balance) + (fees, interest and purchases) - (payments and credits)
Fair Credit Billing Act
regular charge account
report information on the use of credit by consumers
the legal process of reducing or eliminating an amount owed.
interest compounded weekly
Document showing the debts you owe, how much you use credit, and whether you pay your bills on time.
credit report
credit limit
(old balance) + (fees, interest and purchases) - (payments and credits)
Fair Credit Billing Act
regular charge account
report information on the use of credit by consumers
the legal process of reducing or eliminating an amount owed.
interest compounded weekly
This type of charge account requires the buyer to make full payment within a stated period.
credit report
credit limit
(old balance) + (fees, interest and purchases) - (payments and credits)
Fair Credit Billing Act
regular charge account
report information on the use of credit by consumers
the legal process of reducing or eliminating an amount owed.
interest compounded weekly
The maximum amount you may owe on a revolving credit account at one time is called a
credit report
credit limit
(old balance) + (fees, interest and purchases) - (payments and credits)
Fair Credit Billing Act
regular charge account
report information on the use of credit by consumers
the legal process of reducing or eliminating an amount owed.
interest compounded weekly
How can you calculate the new balance of a revolving credit account?
credit report
credit limit
(old balance) + (fees, interest and purchases) - (payments and credits)
Fair Credit Billing Act
regular charge account
report information on the use of credit by consumers
the legal process of reducing or eliminating an amount owed.
interest compounded weekly
The main activity of a credit bureau is to
credit report
credit limit
(old balance) + (fees, interest and purchases) - (payments and credits)
Fair Credit Billing Act
regular charge account
report information on the use of credit by consumers
the legal process of reducing or eliminating an amount owed.
interest compounded weekly
Given the same principal, interest rate, and time, which of these types of loans is the most expensive?
credit report
credit limit
(old balance) + (fees, interest and purchases) - (payments and credits)
Fair Credit Billing Act
regular charge account
report information on the use of credit by consumers
the legal process of reducing or eliminating an amount owed.
interest compounded weekly
The federal law that provides protection when an error occurs on a monthly statement is the
credit report
credit limit
(old balance) + (fees, interest and purchases) - (payments and credits)
Fair Credit Billing Act
regular charge account
report information on the use of credit by consumers
the legal process of reducing or eliminating an amount owed.
interest compounded weekly
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