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Help Jerome work out how long it will take until he's able to afford the car. Base it on his current income and expenditure and include the annual cost of road tax and the first month's payment for his insurance.

Two months

Four months

What two steps could Jerome take now to improve his chances of getting a loan in the future?

Jerome should build up his credit history by swapping from a PAYG sim to a good value mobile phone contract.

Jerome should start a photography side-hustle to increase his income.

Jerome should reduce his expenses as much as possible.

Why was Jerome's loan application rejected? Identify two reasons.

Not enough income

Frequently checking his credit score

He is on a credit blacklist

Lack of credit history

Well done!

You’ve escaped.

You scored: out of 4

Continue your journey to escape as many rooms as you can.

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