Loose Leaf for Personal Finance
Loose Leaf for Personal Finance
12th Edition
ISBN: 9781259720680
Author: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Publisher: McGraw-Hill Education
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Chapter 6, Problem 1CC
Summary Introduction

Case summary:

The case explains about the declination of the credit through credit card when an individual applied for it in different stores to buy the furniture and home appliances. The need for the purchase arises due to move in expenses and sudden moving to different apartment which was unplanned.

Characters in the case: J, a girl 27 years old full time student and part time bakery employee.

Adequate information: The credit card balance, total assets and total monthly expenses and liabilities is the useful information to solve the case.

To determine:

The step that J should take so she may discover the reason for the denial of her credit application.

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