Alex Learns about Credit ScoresAlex needs a new truck. He us…
Alex Learns about Credit ScoresAlex needs a new truck. He uses it to get to and from work and school. He purchased his current truck seven years ago using cash. It was already nine years old, so he got a great deal on it. But now it’s breaking down too often. He finds the perfect truck, but the dealer will only offer him an expensive loan. He is shocked. He learns that the reason why he was not offered better terms is because his credit scores are low. Alex decides to learn a little more about credit scores before buying a new truck. After reviewing his credit reports, Alex realized he doesn’t use his oldest credit card. He closes that credit card account. What impact will this have on his credit score?
Read DetailsAlex Learns about Credit ScoresAlex needs a new truck. He us…
Alex Learns about Credit ScoresAlex needs a new truck. He uses it to get to and from work and school. He purchased his current truck seven years ago using cash. It was already nine years old, so he got a great deal on it. But now it’s breaking down too often. He finds the perfect truck, but the dealer will only offer him an expensive loan. He is shocked. He learns that the reason why he was not offered better terms is because his credit scores are low. Alex decides to learn a little more about credit scores before buying a new truck. Alex files his taxes and receives a tax refund. He uses his refund to pay down his credit card balances. What impact will this have on his credit score?
Read DetailsAlex Learns about Credit ScoresAlex needs a new truck. He us…
Alex Learns about Credit ScoresAlex needs a new truck. He uses it to get to and from work and school. He purchased his current truck seven years ago using cash. It was already nine years old, so he got a great deal on it. But now it’s breaking down too often. He finds the perfect truck, but the dealer will only offer him an expensive loan. He is shocked. He learns that the reason why he was not offered better terms is because his credit scores are low. Alex decides to learn a little more about credit scores before buying a new truck. Alex has a younger sister who needs to find an apartment – she is moving out on her own. Her credit needs a lot of work. He agrees to cosign for the apartment. The landlord does not pull Alex’s credit report. What impact will this have on his credit score?
Read DetailsAlex Learns about Credit ScoresAlex needs a new truck. He us…
Alex Learns about Credit ScoresAlex needs a new truck. He uses it to get to and from work and school. He purchased his current truck seven years ago using cash. It was already nine years old, so he got a great deal on it. But now it’s breaking down too often. He finds the perfect truck, but the dealer will only offer him an expensive loan. He is shocked. He learns that the reason why he was not offered better terms is because his credit scores are low. Alex decides to learn a little more about credit scores before buying a new truck. Alex’s truck breaks down. He has to have the truck running for his job. He has no emergency savings. He again uses most of the credit on one of his credit cards to cover the repair. What impact will this have on his credit score?
Read DetailsAlex Learns about Credit ScoresAlex needs a new truck. He us…
Alex Learns about Credit ScoresAlex needs a new truck. He uses it to get to and from work and school. He purchased his current truck seven years ago using cash. It was already nine years old, so he got a great deal on it. But now it’s breaking down too often. He finds the perfect truck, but the dealer will only offer him an expensive loan. He is shocked. He learns that the reason why he was not offered better terms is because his credit scores are low. Alex decides to learn a little more about credit scores before buying a new truck. While buying groceries, Alex was asked to fill out an application for the store’s credit card in exchange for 20% off the groceries. He applies for the credit card to get the discount. His application is approved. What impact will this have on his credit score?
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