Credit and Debit Cards

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.

2 years

added to the balance

bankruptcy

178.70

credit score

it is the sum of the daily balance divided by the number of days in the billing cycle

Charging the previous balance

some place a fee on the average yearly balance . ( A+ )

asking for your social security number

credit limit fee

Refuse to pay credit card payment.

Which of the following statements is false?

14.4 %. A+

multiply the unpaid balance by the monthly interest-rate

It is something tangible that can be touched or carried

583.53