SWFT Individual Income Taxes
43rd Edition
ISBN: 9780357391365
Author: YOUNG
Publisher: Cengage
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Jesse has a good job and pays off his one credit card every month. He was surprised that when he applied for a loan to buy a car, he was rejected. What are the steps that he should take to check his credit report for errors?How can he resolve any errors that he discovers?
DeWayne has two credit cards, which he uses to pay for everything. DeWayne does not check his credit card statements regularly, so sometimes, such as when a machine at a store malfunctions, he is charged twice for the same purchase. DeWayne makes sure that he pays the minimum payment on each credit card, but most of the time he does not have enough money to pay more than the minimum payment. Recently, something has happened so that DeWayne cannot even pay the minimum payments on his credit cards. DeWayne has stopped making payments for his mortgage (a loan used to buy a house) because he does not have enough money. He is worried because he doesn't have any investments or large savings accounts. On a rainy Wednesday, DeWayne receives a phone call from the bank. He is in debt.
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Jesse has a good job and pays off his one credit card every month. He was surprised that when he applied for a loan to buy a car, he was rejected. Explain the steps that he should take to check his credit report for errors. How can he resolve any errors that he discovers?
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