Credit Reports and Scores Comic
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Hello there! I would like to take a loan out for a new car.
Alrighty, we will have to check your credit score and credit history before we can give you a loan.
Ok, sounds fantastic! Will this be a Close End credit or an Open-End credit?
Hey, I just got the results back and it said your credit score and history were both fabulous!
This will be a Close End credit because it is a one-time credit and you will have equal monthly payments.
Thank you! I will definitely make sure I do that.
Make sure you make your payments on time otherwise it will go to the Collection Agencies.
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