II. Credit Report
1. Examine the sample credit report provided in Exhibit 15.9. From a lender’s perspective, explain the importance of information regarding the following:
a. Number and type of businesses that report credit information
b. Date the account was opened
c. Date of last activity on the account
d. Highest credit amount and terms
e. Balance outstanding, amount past due, and status
2. How would you interpret the information provided for Alfonso B. Doe in the section of the report on courthouse records?
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