Account Number XXXX XXXX XXXX XXXX February 21, 2012 to March 22, 2012 Summary of Account Activity Payment Information Previous Balance Payments Other Credits Purchases Balance Transfers Cash Advances Past Due Amount Fees Charged Interest Charged $535 07 $450.00 $13 45 5529 57 S785.00 $318 $1,784.53 $53.00 4/20/12 New Balance Minimum Payment Due Payment Due Date 2. 3 Late Payment Warning: If we do not receive your minimum yment by the date listed above, you may have to pay a $35 fee and your APRS may be increased up to the Penalty Rof 28.90% Minimum Payment Warning: If you make only the minim payment each period, you will pay more in interest and tw take you longer to pay off your balance. For example 4) 110.9 New Balance $1,784.53 Credit imit Available credit Statement dlosing date Days in billing cycle $2.000 00 52154 322/2012 fyou make no additional charges balance shown on using this card and each month you pay You will pay off the And you will end up paying an estimated ttal of this statement in about Only the minimum payment QUESTIONS? Call Customer Service Lost or Stolen Credit Card 10 years $3,264 $2.232 (Sevinge-S1.0652 If you would like information about credit counseling services 1-XXX-OXX-X 3 years cal 1-800-XX-XXx. How would this credit balance and credit limit affect your credit score? This is Bad for your Credit score because You're close to maxing out. Amounts owed are 30% of your Credit Score This is good for your Credit score because you are borrowing money and using credit. This is Good for your credit because it adds to your mix of credit types. (Mix is 10% of your score) This is Bad for your credit score because using credit is always a bad choice.
Account Number XXXX XXXX XXXX XXXX February 21, 2012 to March 22, 2012 Summary of Account Activity Payment Information Previous Balance Payments Other Credits Purchases Balance Transfers Cash Advances Past Due Amount Fees Charged Interest Charged $535 07 $450.00 $13 45 5529 57 S785.00 $318 $1,784.53 $53.00 4/20/12 New Balance Minimum Payment Due Payment Due Date 2. 3 Late Payment Warning: If we do not receive your minimum yment by the date listed above, you may have to pay a $35 fee and your APRS may be increased up to the Penalty Rof 28.90% Minimum Payment Warning: If you make only the minim payment each period, you will pay more in interest and tw take you longer to pay off your balance. For example 4) 110.9 New Balance $1,784.53 Credit imit Available credit Statement dlosing date Days in billing cycle $2.000 00 52154 322/2012 fyou make no additional charges balance shown on using this card and each month you pay You will pay off the And you will end up paying an estimated ttal of this statement in about Only the minimum payment QUESTIONS? Call Customer Service Lost or Stolen Credit Card 10 years $3,264 $2.232 (Sevinge-S1.0652 If you would like information about credit counseling services 1-XXX-OXX-X 3 years cal 1-800-XX-XXx. How would this credit balance and credit limit affect your credit score? This is Bad for your Credit score because You're close to maxing out. Amounts owed are 30% of your Credit Score This is good for your Credit score because you are borrowing money and using credit. This is Good for your credit because it adds to your mix of credit types. (Mix is 10% of your score) This is Bad for your credit score because using credit is always a bad choice.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:Account Number XXXX XXXX XXXX XXXX
February 21, 2012 to March 22, 2012
Payment Information
New Balance
Minimum Payment Due
Payment Due Date
Summary of Account Activity
Previous Balance
Payments
Other Credits
Purchases
Balance Transfers
Cash Advances
Past Due Amount
Fees Charged
Interest Charged
New Balance
$535.07
$450.00
$1,784.53
1
$53.00
$13.45
*$529.57
*5785.00Late Payment Warning: If we do not receive your minimum
+$318
4/20/12
vment by the date listed above, you may have to pay a $35
fee and your APRS may be increased up to the Penalty
Rof 28.99%
Minimum Payment Warning: If you make only the minim
payment each period, you will pay more in interest and it
take you longer to pay off your balance. For example
3.
$ 10.89
$1,784.53
4)
Credit limit
Available credit
Statement closing date
Days in billing cycle
$2.000 00
$215.47
3/22/2012
You will pay off the
fyou make no
additional charges
using this card and
each month you pay..
And you will
balance shown on end up paying
an estimated
total of.
this statement in
30
about.
QUESTIONS?
Call Customer Service
Lost or Stolen Credit Card
Only the minimum
payment
10 years
$3,264
1-XXX-XXX-XXXX
1-XXX-XXX-XXX
3 years
$2,232
(Sninge-$1.002)
$62
If you would like information about credit counseling services
call 1-800-XXX-XXXX.
How would this credit balance and credit limit affect
your credit score?
This is Bad for your Credit score because
You're close to maxing out. Amounts owed
are 30% of your Credit Score
This is good for your Credit score because
you are borrowing money and using credit.
This is Good for your credit because it adds
O to your mix of credit types. (Mix is 10% of
your score)
This is Bad for your credit score because
using credit is always a bad choice.
Transcribed Image Text:Account Number XXXX XXXX XXXX XXXX
February 21, 2012 to March 22, 2012
Summary of Account Activity
Payment Information
New Balance
Minimum Payment Due
Payment Due Date
Previous Balance
$535.07
$450.00
$13.45
•$529.57
2.
$1,784.53
$53.00
4/20/12
Payments
Other Credits
Purchases
Balance Transfers
Cash Advances
Past Due Amount
Fees Charged
Interest Charged
New Balance
+$785.00
*$318
3
Late Payment Warning: If we do not receive your minimum
vment by the date listed above, you may have to pay a $35
fee and your APRS may be increased up to the Penalty
Rof 28.99%
Minimum Payment Warning: If you make only the minim
payment each period, you will pay more in interest and it
take you longer to pay off your balance. For example
4)
+$10.89
$1,784.53
Credit limit
Available credit
Statement closing date
Days in billing cycle
$2.000 00
$215.47
3/22/2012
30
fyou make no
additional charges
using this card and
each month you pay
And you wil
end up paying
an estimated
total of.
You will pay off the
balance shown on
this statement in
about.
Only the minimum
payment
10 years
QUESTIONS?
Call Customer Service
Lost or Stolen Credit Card
$3,264
1-XXX-XXX-XXXX
1-XXX-XXX-XXXX
3 years
$2.232
(Snvinge$1.002)
If you would like information about credit counseling services
call 1-800-XXX-XXX.
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