Review What you Learned

 

#1 What 3 factors do creditors check to determine a persons credit rating?

#2 Name 4 pieces of information concerning the terms of an installment loan that are generally contained in an installment loan contract?

#3 What 6 items are on a statement for a charge or credit card amount?

#4 List 2 measures a creditor might take if a debtor did not make payments on a loan?

#5 What effect do finance charges have on the cost of an item bought on credit?

#6 Describe 2 situations in which workers in wholesale and retail trade would need good communications skills?