Martin used his credit card to buy a new bike. Which statement is true?
Check all that you included in your response.
You opened three new credit card accounts in a month.
Your employer gave you a raise, so your income increased.
The balance on your credit card is close to the credit limit.
Which are considered good credit practices? Check all that apply.
Explain what a credit report is and list five kinds of information found on a credit report.
A credit report is a detailed written document about a person’s credit history. The report contains personal information, anything found in public records, information from collection agencies, information about credit cards or loans, and a list of those who have requested a copy of the report.
Which should Mark do to increase his credit score?
Which would decrease your credit score? Check all that apply.
How much did Heidi spend on the hotel room?$
976.90
Be sure to describe what a credit score is and how it is used by lenders.
Yes, Ahmed has a very good credit score. A credit score is a numerical rating that shows how good one’s credit is. It ranges from 300 to 850. Lenders will use his credit score to determine how likely it is that he will pay back the loan. With a score of 750, they will be confident that he will pay the money back.
Greg would have saved $ .
898.75
You make more than minimum payments before the due dates. You missed a credit card payment in November and paid a late fee. You opened three new credit card accounts in a month. Your employer gave you a raise, so your income increased. The balance on your credit card is close to the credit limit.
Check all that you included in your response.
You missed a credit card payment in November and paid a late fee.
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