Discuss 5 areas in life where your credit score could be checked and thus impact the purchase/event

Q: ypes of credit extension? Which one is biggest?Writing the lending process to provide loan for…

A: Credit extension means the loans granted.

Q: 1. Research on the meaning discount management, and in your own understanding base on your research,…

A: The main purpose of discount management is agreement between you and your supplier with regard to…

Q: Sales made to Ahmed on credit should be debited to.

A: The phrase "credit sales" alludes to the exchange of possession of products and services to a…

Q: Before taking out a consumer loan, you should be sure the purchase is compatible with your financial…

A: We may not always have the funds necessary to complete some tasks or purchase certain items.…

Q: Compare secured and unsecured credit in your own words. Cite an example for each. You may place your…

A: Credit refers to the amount of money given by the lender to the borrower in return for which the…

Q: xplain the importance of maintaining good credit rating

A: Credit refers to the ability of an individual or an entity to borrow money from some other…

Q: based on the statement List down true or false and explain 1. Major part of lending process…

A: based on the statement mentioned above we need to evaluate if they are correct or not.

Q: How can I manage keep my credit score high?

A: Credit Score: A credit score may be a range between 300–850 that depicts a consumer's…

Q: credit

A: Credit card can be defined as a payment card where line of credit is provided to the customers. With…

Q: Explain what important information we can get from each sources of credit information to be able to…

A: Financial organizations seek to reduce the risk of supplying to borrowers by completing a credit…

Q: Which of the following is not a company that can provide you with a look at your credit score? a.…

A: There are three companies given in the question which are working in the credit field: Credit Karma…

Q: What should be in the credit file

A: Following is the contains in credit file

Q: What is open-end credit and give and example

A: Open-end credit is a type of loan which is approved between the borrower and the financial…

Q: Why are credit instruments important? Explain. (150 words)

A: Credit is neither capital nor creates capital. The credit instruments solely represent cash and…

Q: Which of the following types of transactions can be uploaded into QBO using the Receipt action.…

A: QBO : It stands for QuickBook Online, an online platform for recording the business transactions.…

Q: True or False: The amount-owed component of the FICO score includes the proportion of credit…

A: Below is the correct answer

Q: When a lender looks at your FICO credit score to decide whether to lend to you, which of the "Five…

A: When a lender looks at your FICO credit score to decide whether to lend to you, he is considering…

Q: Describe the 5 C's of credit. What is the most important action to building your character, one of…

A: Credit:- A credit is an agreement or trust between an lender and borrower in which an lender gave…

Q: ow to record credit sale in an entrie?

A: Credit sales mean the amount which is delayed to paid but agreed to pay in future by the consumer.

Q: One article  regarding  "Credit Transaction" issues and how it was resolved. Make a comment about…

A: To charge whatever they wish for credit. Usury laws set up a greatest pace of legitimate interest.…

Q: Debit Cash Credit Other Financing Sources What does this journal entry mean?

A: The meanings  of different journal entries are presented hereunder :

Q: need help with T account balance. How do you total T accounts?

A: T- account is defined as the set of the financial records which uses the double entry bookkeeping…

Q: what is credit and why is it important how do you build your credit how do you check your credit…

A: Credit is a very important part of meeting one’s personal financial objective. It is used by…

Q: Define the following using your own words and give examples Account T-account To debit

A: As per the guidelines, only three subparts are allowed to be solved. Please resubmit the remaining…

Q: What specific skill and knowledge did you acquire in the identity SMART goal worksheet (personal…

A: SMART Goal: The SMART goal worksheet is widely used to set and achieve goals.  SMART in the term…

Q: What types of conveniences should you look for in a savings account?

A: Saving Account: A savings account is a basic type of bank account that permits you to deposit cash,…

Q: 4) Describe the difference between a hard inquiry and a soft inquiry. Give an example of each and…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: mportance of a credit score for financial planning.

A: Since there are multiple questions are given, so as per answering guidelines we do only first one.

Q: Identify and explain credit scores and credit reports including accessing them

A: Credit is defined as the trust, which helps in allowing one party for providing the funds or…

Q: Explain whati mportant information we can get from each sources of credit information to be able to…

A: The answer is given below:

Q: Indicate whether the statement is true or false. 1. A credit card can be used to purchase items on…

A: Credit card can be used to purchase items on credit only

Q: What increases your credit score

A: Credit scores are given by banks to customers.Credit scores are very important to get credit from…

Q: ade using a MoneyPlus credit card.

A: Journal entry: Journal entry is the book of original entry where first transactions are recorded in…

Q: Which of the following is not use to assess whether credit should be extended to a household? a.…

A: When credit is extended to a household, certain criteria need to be fulfilled before loan can be…

Q: What are the four things that affect your card-based credit costs?

A: A credit score is a number utilized by moneylenders to survey the likelihood of crediting cash to a…

Q: A credit bureau, AKA credit agencies, are companies that collect credit information about…

A: A credit bureau can be defined as a company that gathers and researches information about…

Q: How a credit check in advanced technology system different from a credit check in basic technology…

A: Credit Check:   Credit check is defined as the process of examining the financial behavior of a…

Q: Who needs credit and collection management and why do they need ccm?

A: when the revenue cycle management for the credit and collection management is done by the healthcare…

Q: Define "BOOKKEEPING". what are your initial ideas or thoughts when you hear the word bookkeeping?

A: Book keeping is a part of accounting process. The accounting procedure begins with book keeping and…

Q: Explain how a credit card billing cycle works. What is a grace period, and when is the best time to…

A: A credit card gives a customer a line for a short time period, based on given term and condition of…

Q: 1. When would you choose to give a refund after creating a Credit Memo?

A: Answer: As per Q/A guideline, first question has been answered. Please repost remaining question.…

Q: Describe what is a good and a poor credit score and why.

A: A credit score is a multitude between 300 and 850 that symbolises an user's creditworthiness. The…

Q: Which of the following would result in a soft credit inquiry? o mortgage loan application O…

A: Soft credit inquiry means inquiry of your own credit scores. This inquiry will not affect the credit…

Q: 18. Which of the following would be found on a consumer's credit report? A. a savings account…

A: In the given question we are given 4 options regarding credit report and we need to choose the best…

Q: 1. Describe the importance of a credit score for financial planning.

A: Since multiple questions are asked , we will answer 1st question for you as per prescribed…

Q: Describe methods of calculating Interests on Your Credit Cards?

A: A card that is generally issued by the banks that helps the person to borrow the money up to the…

Q: Explain what a credit score is. What are the three MOST IMPORTANT things I can do to increase my…

A: A credit score is a measure of an individual's ability to pay back the borrowed amount. It is the…