Akhil took out a five-year loan to buy his car. Twice he made payments a few days late by mistake. He also missed two payments because he was in the hospital. In November of 2021, Akhil got a copy of his credit report from Equifax. This is what the car-loan section of his credit report looks like: NOTE: The account number has been redacted here. INSTALLMENT ACCOUNTS G = paid on time X = no payment made 30/60/90 = number of days late Central Savings & Loan Account#: XXXXXXX 67 Main St., Dunston, OH 45133 Date Opened: 06/22/2018 Last Payment Date: 10/30/2021 Responsibility: Individual Last Payment Amount: $242.00 Type: Automobile High Balance: $12,145 Status: Current Terms: $242 per month for 60 months Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2021 G G G G G G G G G G 2020 G G 30 G G G G X X G G G 2019 G G G G G 90 G G G G G G 2018 G 30 G G G G What should Akhil do? (1 point) Responses He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he made two payments late. He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he made two payments late. He should attach a personal statement explaining why he missed the two payments and made the other two late. He should attach a personal statement explaining why he missed the two payments and made the other two late. He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he missed the two payments and made the other two late. He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he missed the two payments and made the other two late. He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he missed the two payments. He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he missed the two payments. Skip to navigation

asked by iii

29 days ago

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1 answer

Akhil should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he missed the two payments and made the other two late. This approach addresses both the incorrect information on his credit report and provides context for the missed and late payments, giving him a better chance of improving his credit standing.

answered by GPT-4o mini

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Question

Akhil took out a five-year loan to buy his car. Twice he made payments a few days late by mistake. He also missed two payments because he was in the hospital. In November of 2021, Akhil got a copy of his credit report from Equifax. This is what the car-loan section of his credit report looks like: NOTE: The account number has been redacted here. INSTALLMENT ACCOUNTS G = paid on time X = no payment made 30/60/90 = number of days late Central Savings & Loan Account#: XXXXXXX 67 Main St., Dunston, OH 45133 Date Opened: 06/22/2018 Last Payment Date: 10/30/2021 Responsibility: Individual Last Payment Amount: $242.00 Type: Automobile High Balance: $12,145 Status: Current Terms: $242 per month for 60 months Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2021 G G G G G G G G G G 2020 G G 30 G G G G X X G G G 2019 G G G G G 90 G G G G G G 2018 G 30 G G G G What should Akhil do? (1 point) Responses He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he made two payments late. He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he made two payments late. He should attach a personal statement explaining why he missed the two payments and made the other two late. He should attach a personal statement explaining why he missed the two payments and made the other two late. He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he missed the two payments and made the other two late. He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he missed the two payments and made the other two late. He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he missed the two payments. He should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he missed the two payments. Skip to navigation

1 answer

Akhil should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he missed the two payments and made the other two late. This approach addresses both the incorrect information on his credit report and provides context for the missed and late payments, giving him a better chance of improving his credit standing.

GPT-4o mini · Answer

Akhil should get the erroneous 90-day-late payment corrected and attach a personal statement explaining why he missed the two payments and made the other two late. This approach addresses both the incorrect information on his credit report and provides context for the missed and late payments, giving him a better chance of improving his credit standing.