Lenders use your credit score? To criticize your financial habits, to punish you for having good financial habits, to understand how likely you are to play back the money you borrow, to see if you’ve earned your degree

Q: What is the  range of possible credit scores. Give examples of bad, average, excellent credit…

A: Credit reporting agencies determine the score(i.e credit score) of the individual. This score is…

Q: What would happen to the standard of living if people lost faith in the safety of financial…

A: Financial institution is the institution which involve the financial activities such as investment,…

Q: what are the Benefits and Costs of Delinquency In the field of lending

A: Whenever a customer does not meet their obligation, a cost aries as the payment on the credit sales…

Q: True or False: It's possible to improve your credit score, even if you've made mistakes in the past.…

A: Credit score indicates the credit-worthiness of the borrower by assigning a number based on…

Q: Imagine you're trying to select a new credit card. Identify 4 attributes of a credit card you would…

A: A credit card refers to a short-term financial product. It provides the short-term debt funds at a…

Q: do we need to check   the credit worthiness of credit customers before granting their credit…

A: Giving credit to the business and customers is main earning sources for banks but they need to take…

Q: As a student, what do you think will be the positive effects of having knowledge to financial…

A: Possessing a good understanding and knowledge of the financial markets can help individuals and…

Q: When you borrow money from someone it is because you do not have enough to pay for something…

A: Time value of money refers to the concept that states that the money we have today is having more…

Q: True or false: An example of a soft inquiry would be a credit card company looking into your credit…

A:

Q: Consumer loans, by this definition: Some of the most expensive Least borrower-friendly More are…

A: A loan that is given by financial institutions to consumers to fulfil their needs is known as a…

Q: Suppose Beth comes into a large sum of money and decides to lend it out to earn interest on it.…

A: INTRODUCTION: A financial intermediary is a third party that creates an environment for multiple…

Q: If you were a wise credit card user, under which of the following conditions would you consider…

A: Here the situation is person using the credit card and want to consider using the credit card to…

Q: How do sellers benefit from allowing their customers to use credit cards? Do sellers bear any risk…

A: Credit cards A card distributed by the bank to its customers who have good financial records is…

Q: Which of the following is not a reason for banks to be regulated? a.To protect depositors. b.To…

A: A bank is a type of financial institution that handles all procedures linked to depositing and…

Q: w do yo

A: Introduction : A credit history can be understood as a history of a debtor's timely debt repayments.…

Q: f a bank's credit ratings decrease, How does this affect borrowers, lenders, and financial…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: In your own understanding, can you utilize credit cards as a financial leverage in your own…

A: A credit card is a financial tool that allows individuals to borrow funds from a financial…

Q: Explain the methods of estimating bad debts ?

A: Bad Debt: A loan or outstanding sum that is no longer considered collectable and must be wiped off…

Q: Managers wishing to avoid loan covenant violations may resort to making accounting changes that…

A: It's critical to read the terms and conditions of any loan you're thinking about, paying close…

Q: Explain why a loan officer always looks at a credit report before making a loan. What should you do…

A: The credit report is a way of assessing the credit history of the person seeking loan. By looking at…

Q: How can bankers be spotting potential fraud among the loan granted

A: Bank loan means the loan given by the bank to the borrower. This loan can be provided for short term…

Q: A good credit rating would be based on all the following criteria EXCEPT whether you   a. have a…

A: Credit rating is a representation of a borrower's credit profile. a good credit rating indicates…

Q: Can you go to jail for not paying your credit loan? Explain carefully

A: Loan is defined to as funds, which is given to some other party in exchange of repayment of loan…

Q: When you borrow money to pay for goods and services, you are using what form of payment? Savings…

A: Payment means the transfer of money or goods and services in return or exchange of any product or…

Q: When a customer is delinquent on paying a notes receivable, your company has the option to continue…

A: Here in the questions, there are multiple sub-parts so we are doing the first three sub-parts  If…

Q: Consumer credit laws have been implemented over the years to protect consumers against creditor…

A: The objective of the question is to identify the correct consumer credit law that governs the…

Q: As long as you have a strong reason for taking a loan, there is no need to understand the terms of…

A: Understanding the terms in a loan agreement is vital. Loan agreements are an critical a part of…

Q: Why should you and should not sign a personal guarantee for a business loan?

A: The personal guarantee for a business loan refers to the assurance by the company or a business…

Q: Building a good credit rating is integral to which of the following? Ability to have access to…

A: Meaning: Credit rating is the measurement of the past performance of a company related to loans and…

Q: Imagine you're trying to select a new credit card. Identify 4 attributes of a credit card you would…

A: A credit card refers to a short-term financial product. It provides the short-term debt funds at a…

Q: Which of the following situations are likely to result in higher loan defaults?     Mortgages…

A: Loan default implies that borrower is not able to repay debt according to initial predetermined…

Q: 1. Explain why the formal credit market fails to meet the financial service needs of the poor.

A: Introduction : The formal credit market is the system of financial institutions and services that…

Q: What does a high credit score mean? The person is considered a higher risk and less likely to pay…

A: A credit score evaluates a person's creditworthiness, or ability to repay debt. It is commonly…

Q: ich of the following is a responsible financial decision? Making a down payment on a loan. O…

A: Responsible financial decisions involves taking planned and wise decisions to avoid any financial…

Q: A credit report keeps track of money you borrow from banks, credit card companies, and other…

A: Loan means the amount taken from another person to be repaid back with interest.

Q: Explain as to why people prefer to keep their savings in a bank though there are other opportunities…

A: An investor with money can either invest that money in equity, bonds, real estate, etc., or can save…

Q: Do you think that IFRS 9 may make loans more expensive for borrowers?  Implementation of IFRS 9 will…

A: IFRS 9 follows the expected credit loss model, which regulated the provisioning to be done by the…

Q: In managing credit risk for banks what are the two main concerns that banks have when lending money?…

A: Credit risk: It is the risk involved in receiving the interest and principal payments from the…