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Jessie was a student who had several government loans and private loans when she

ID: 337171 • Letter: J

Question

Jessie was a student who had several government loans and private loans when she graduated. Her payment record is good, but she is late on three payments for 30 days now. She applies for a consolidation loan at a lower interest rate. Her credit report:

cannot be viewed by Jessie since she was late three times.

can be viewed by Jessie if she is rejected for the consolidation loan.

must delete the late payments once she catches them up with the consolidation loan proceeds.

cannot be changed without appealing to the FTC

cannot be viewed by Jessie since she was late three times.

can be viewed by Jessie if she is rejected for the consolidation loan.

must delete the late payments once she catches them up with the consolidation loan proceeds.

cannot be changed without appealing to the FTC

Explanation / Answer

Jessie was a student who had several government loans and private loans when she graduated. Her payment record is good, but she is late on three payments for 30 days now. She applies for a consolidation loan at a lower interest rate. Her credit report:

cannot be viewed by Jessie since she was late three times.

can be viewed by Jessie if she is rejected for the consolidation loan.

must delete the late payments once she catches them up with the consolidation loan proceeds.

cannot be changed without appealing to the FTC

cannot be viewed by Jessie since she was late three times.

can be viewed by Jessie if she is rejected for the consolidation loan.

must delete the late payments once she catches them up with the consolidation loan proceeds.

cannot be changed without appealing to the FTC

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