07 BA T 07 BAR 07 BAT 07 SAR 07 9A T 6 9A T 07...

      

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07 BA T 07 BAR 07 BAT 07 SAR 07 9A T 6 9A T 07 9A R 06 9A T 06 9A R DATE REPORTED or CONFIRMED 07 9A T 07 9A T O 0 U N N 12. D F F D D R taken from their most recent credit bureau report (See Quest. 1, Module 2-1) Following is the credit history information on Peter and Penny Puddingproof SOURCE ACCOUNT TYPE KK R R R 1-925 1-345 1-200 R R 0 O 0 CREDIT HISTORY DATE OPEN 06 BJ 01 BA 07 SA 06 OH 03 BJ 01 SA 04 81 02 SA 05 8J 02 9A 05 7K HIGH CREDIT 70,000 9,640 2,400 825 450 725 1,400 630 220 125 136 LAST PAID 07 SA 07 9A 06 SA 07 SA 06 9A 07 SA 06 9A OG BA 07 9A 07 9A PAST BALANCE DUB $8,000 7,600 2,400 635 28 July 199A 235 466 654 247 65 84 92 HOW PAY 25 30 1 1 TRADE KEY 1 2 1 JT 4 5 5 5 5 5 5 DATE SARVED JT Interpret the information for the first four lines from the above credit history. 8. Refer to the Puddingproof's Credit History report from the credit bureau shown on Page 38. Relate the Stages of Collection and the probable collection devices which would be used by each of the creditors listed in the Credit History. 10. What collection action will the finance company probably take concerning Peter's car loan? 11. What collection action would the finance company have taken up to this point? 14. 13. Penny's contract with the Trust Company for her car loan is current Considering the status of their other credit accounts, what would be a good explanation of this? Three of the department stores now show the P's being Class 3 in regards to their payments. What collection action would all three most likely have taken up to this point and what further action will they probably pursue if the past- due is not paid shortly? 15. If the P's do not pay anything on these accounts within the next two months, are the stores likely to take drastic action and what form would this probably take? 07 BA T 07 BAR 07 BAT 07 SAR 07 9A T 6 9A T 07 9A R 06 9A T 06 9A R DATE REPORTED or CONFIRMED 07 9A T 07 9A T O 0 U N N 12. D F F D D R taken from their most recent credit bureau report (See Quest. 1, Module 2-1) Following is the credit history information on Peter and Penny Puddingproof SOURCE ACCOUNT TYPE KK R R R 1-925 1-345 1-200 R R 0 O 0 CREDIT HISTORY DATE OPEN 06 BJ 01 BA 07 SA 06 OH 03 BJ 01 SA 04 81 02 SA 05 8J 02 9A 05 7K HIGH CREDIT 70,000 9,640 2,400 825 450 725 1,400 630 220 125 136 LAST PAID 07 SA 07 9A 06 SA 07 SA 06 9A 07 SA 06 9A OG BA 07 9A 07 9A PAST BALANCE DUB $8,000 7,600 2,400 635 28 July 199A 235 466 654 247 65 84 92 HOW PAY 25 30 1 1 TRADE KEY 1 2 1 JT 4 5 5 5 5 5 5 DATE SARVED JT Interpret the information for the first four lines from the above credit history. 8. Refer to the Puddingproof's Credit History report from the credit bureau shown on Page 38. Relate the Stages of Collection and the probable collection devices which would be used by each of the creditors listed in the Credit History. 10. What collection action will the finance company probably take concerning Peter's car loan? 11. What collection action would the finance company have taken up to this point? 14. 13. Penny's contract with the Trust Company for her car loan is current Considering the status of their other credit accounts, what would be a good explanation of this? Three of the department stores now show the P's being Class 3 in regards to their payments. What collection action would all three most likely have taken up to this point and what further action will they probably pursue if the past- due is not paid shortly? 15. If the P's do not pay anything on these accounts within the next two months, are the stores likely to take drastic action and what form would this probably take?

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