Derek's Credit Report
Furniture City
Brooklyn, NY
Balance: $578
Date Open: 12/01/2011
Account Type: Installment
High Balance: $2500
Terms: $115 for 24 months
Pay Status: Late over 60 days
Date Closed: 8/30/2012 by Company
bols
Why would Derek be denied credit for a new car?
A)
He lives in Brooklyn, New York.
He still owes a balance for his furniture,
His payments are too high to afford a car payment.
He has been late on payments and had account closed.
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