OD. Josh has a 36-month loan for his new truck. Each month's payment is due by the 10th of the month. Josh always mails his coupon and payment by the first of the month is the correct answer.
Good credit history is an important factor for a person with a credit card. This shows that the person is reliable and also presents that person to further monetary 'loans'.
- The term "paid on time" is what it is, referring to the person's ability to pay back his/her credits on time.
- This means the timely payment of one's credit card usages without any gap in the required payment window.
- Among the given people, only Josh who took a 36-month loan for a new truck has "paid on time."
- This is evident in his effort of "mailing his coupon and payment by the first of the month" while his loan requirement was that he pays his die by the 210th of every month.
- Susan couldn't pay her $10 a week payment for 8 weeks.
- Carlos only paid his gas and electric bills by the 2nd of the next month, and not by the 25th of the month as required.
- Tamara's payment for her new car was made only after the due date.
"On time" payments mean the credits due are paid within the required window of payment given. And on that regard, only Josh was able to do the needful. Thus, the correct answer is option D.
Learn more about credit usage here:
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