Cards in this guide (24)
How soon after you are denied credit must you receive notice both verbally and by letter
If you are denied credit, the Equal Credit Opportunity Act
requires that the creditor give you a notice that tells you the
specific reason your application was rejected or the fact that you
have the right to learn the reason if you ask within 60 days. If
your credit application was due to information obtained from your
credit report, the Fair Cedit Reporting Act requires the creditor
to give you the name, address and phone number of the credit
reporting agency that supplied the information. The credit
reporting agency can tell you what is in your report but only the
creditor can tell you why your applicaton was denied.
How long will negative information concerning your use of credit be kept in your credit report
Seven years is a common period of time. You should not try to
pay up on old accounts, but for those within the last couple of
years, see if you can call the company and settle the account so
that it will be marked as paid rather than written off. Check to
see if any negative information, such as from apartments or
utilities, is inaccurate. If so, contact them and get a signed,
letterhead, letter saying the account is paid. Then, send that to
all of the credit bureaus. Definitely keep the letter in your file
for years to come - zombie collectors are always out there.
Finally, pay everything on time going forward. Sometimes it is
helpful to signup for automatic billpay to keep things timely.
Which of these is the best description of delinquency
It is the condition whereby the scheduled repayment of a loan
has not been received by a specified due date.
How long will credit inquiries remain on your credit report
What is done with the finance charge assessed by a credit card company
Sam is a chef He has a savings account of 500 and a car worth 7569 He owes 450.23 on his new stereo Calculate Sam's net worth
Colin needs to borrow 1500 for car repairs How much interest will he pay if the rate is 4.9 percent and he has 125 days to repay the loan Be sure to round the time to the nearest hundredth Example
Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years
What does principal mean in math terms
principal(in terms of math)- the amount you borrow or
deposit
Which of these is a signed promise to pay back a loan
Which of these is not included on a credit card statement
Which of these methods has the highest finance charge charging a flat rate fee charging the unpaid balance charging the previous balance charging the average daily balance
Charging the previous balance
What type of lease could result in the customer paying hundreds or thousands of dollars if the residual value is less than expected at the end of the term
Would not result from defaulting on a loan
Which of these is not a way in which credit card companies assess finance charges
some place a fee on the average yearly balance . ( A+ )
What is allowed by the creditor when you apply for credit
asking for your social security number
Is there a payday loans website for Christians
Yes, there are some websites for payday loans for Christians,
some examples are: Christian Faith Financial-Christian Payday
Loans, Payday Loans Apply and ChristianNet.
What describes a annual percentage rate
A measure of the cost of credit expressed as a yearly interest
rate.
What is a type of fee that a credit card company might charge
If nancy pays her bank 465.23 a month for 48 months how much will she have paid on her installment loan-
If Nancy pays her bank 465.23 a month for 48 months, the amount
paid on every installment would be 116.3075/n where n is the
amount.
Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2.
If Cameron has a 21 annual interest rate on his credit card what is his monthly interest rateAsk us anything
Hank purchased a new grill for $349 on his credit card. He had a previous balance of $225.91. A finance charge of $8.62 was assessed. What is his new balance