Understanding Credit Answers

Fido wants to buy a new car. He will need to get a car loan. Fido decides to wait for a few months until his credit history improves. Which explains whether Fido is making a sensible decision?

Lois bought clothing at a store. She did not have enough in her bank account to pay for the purchase. After receiving the bill and paying off the balance, she realized that she paid $9.69 in interest. Which statement is true about her method of payment?

Simon used a credit card to buy a skateboard. Which statement is true about his method of payment?

Tyler is using a credit card to purchase a television. Which of the following should Tyler expect? Check all that apply.

Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score?

A lender is assessing customers for loans. The credit scores of four customers are below.IdaCorrineBruceRoland820550390610Which person will the lender assess as having the lowest risk?

Which information is found on a credit report?

Before applying for a credit card, Jacob examines his credit report. Which explains why Jacob might examine his credit report?

Kenya used a debit card to buy a pair of jeans. Which statement is true about her method of payment?

This year, Mr. Thomas has a higher credit score than he did last year. Which of the following should Mr. Thomas expect with the improved score? Check all that apply.