Understanding Credit Answers

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

Yoko is buying a car from a local car dealership. She wants to get the lowest interest rate possible. Which will most likely help her get the lowest interest rate?

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

Xavier buys a computer for $525, which includes taxes. He pays for the computer over a 12-month period by paying $48.13 per month. Which statement about Xavier’s purchase is most likely true?

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.

Sal and Jen went to the store together, and each bought the same car stereo.Sal used a card to make the purchase, and the full amount was immediately withdrawn from his bank account.Jen used a card to make the purchase, and she received a bill within 15 days of the purchase. She paid $21.30 for the next 18 months until the bill was paid in full. The full payment included $58.60 in interest.Which statement describes Sal’s purchase?

Kendrick is planning to buy a house. Which explains why he should establish a positive credit history before buying the house?

Before giving a loan to a customer, a lender examines the customer’s credit report. Which explains why the lender examines the customer’s credit report?

Which helps to establish a negative credit history?

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