The Consumer Credit

The bank uses a ... to find out how prospective borrowers repaid their past debts.

• profile

• loan agreement

• credit bureau

• budget

Because Mr. Parker is ..., his application for a loan is approved.

• creditworthy

• profile

• on time

• character

A contract between a lender and a borrower is called ...

• loan agreement

• credit bureau

• installment sales credit

• consumer credit

The other name for credit bureau is ...

• reporting agency

• character

• passbook loan

• loan agreement

Three kinds of data that the computer at the reporting agency has are ...

• a person's background

• a person's history of borrowing and repayment

• a person's employment record

• a person's family background

You can't ask for a new loan until you repay the ... of the old loan.

• balance

• installments

• data

• cash flow

Three things that a consumer who applies for an installment sales credit usually has to do are...

• buy a merchandise

• make a down payment

• sign a contract to repay the balance, interest and service charges

• pay in specified period of time

Before applying for a loan, three things that the lender wants to know about the borrower are ...

• the employment record

• how long he has lived at his present address

• the earnings

• the numbers of family

Passbook loans are ...

• hard to get

• using the savings account as collateral

• using the checking account as collateral

• always allowing consumers to receive merchandise

Ms. Sisca is paying for her new car in monthly ...

• installments

• budgets

• cash flow

• profile