Question

Which details apply to a financing contract? Check all that apply. 1. requires a credit check 2. are always less expensive than using a credit card 3. includes interest rate information 4. requires a signature for rent-to-own agreements 5. can be broken at any time NEED ANSWER NOW ASAP!!!!!!!!!!!!

Answer 1

Financing contracts typically run a credit check to ensure you will pay your bill.

Also interest information will be provided--this interest may be lower, equal to, or higher to a credit card depending on your credit rating and what type of credit card you have.

All contracts require a signature of agreement to the terms of the financing.