Our credit reports and credit scores have important consequence in our lives. Each of those examples IS NOT affected by your credit?

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: 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: Most young adults form their opinions about credit and debt from what they see in their parent's…

A: The consumer debt of parents has a huge effect on their young adult children. If parents have a…

Q: Is granting credit to customers good? And as a future business owner how would you handle or manage…

A: Explanation to Credit When products are sold to customers on credit and customers agree to pay the…

Q: Why is it important to choose checking and savings account that suits you best?

A: A checking account is that account which is for day to day spending. This is the account where the…

Q: What are the advantages and disadvantages of implementing credit scoring within a financial…

A: The credit scoring is calculated by checking the payment history of an individual, credit mix,…

Q: What are the impacts on your financial statement if you account the transactions not accurately

A: Financial Reporting refers to the recording of the financial transactions of a company for a desired…

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: What specific areas of personal finance interest you the most and why? What aspects of your own…

A: Personal finance involves managing money and budget for a person or a family.   It involves aspects…

Q: What factor does not go into determining your credit score

A: credit score is very important in getting loan and credit and it shows the ability and history of…

Q: When can we used credit union?

A: Credit unions are the institutions or co-operatives that give banking services. These unions are…

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: 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: Which of the following is not considered in determining credit scores          Current economic…

A: Credit Score is a number given to the creditworthiness of a person's credit behavior in overall…

Q: Your company provides credit to customers. Someof these customers default on their loans, with…

A: Discriminant analysis is the analysis which provide the permission to organization in determining…

Q: How has the credit crisis May have adversely affected many homeowners and mortgage companies?

A: Homeowners insurance policies are defined as the type of an insurance policies, which usually covers…

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: Why is banking a necessity in our day-to-day life?

A: Banking involves accepting deposits from the surplus units and lending the money to those in need…

Q: Why do credit ratings change? How can these changes affect investors?

A: Credit ratings are assigned on the basis of extensive economic analysis by the credit rating…

Q: Why are credits and debits different for banks compared for personal finance usage?

A: In personal account, all expenses, assets, and losses will be debited. All incomes, liabilities, and…

Q: Lenders use your credit score? To criticize your financial habits, to punish you for having good…

A: credit score reflect the credit worthiness of the borrower.

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: how exactly did you get the bad debt expense?

A: Allowance method is the GAAP approved method of providing for valuation of accounts receivable. In…

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: If a consumer with a relatively low credit score applied for a loan from your bank, what other…

A: WHAT IS CREDIT CRITERIA- Credit criteria area unit the factors employed by lenders to work out…

Q: How can a good credit score help you obtain the job you want?

A: Credit scores are given by the credit agencies based on the credit habits of the borrower and how he…

Q: Advantage and disadvantages of letters of credit and bankers acceptance.

A: Letter of credit is a letter in which the banks take the guarantee of the buyer that the buyer will…

Q: What does a low credit score mean? The person has a low amount of credit. The person is likely to…

A: A person with a bad credit rating has a low credit score.  A credit score defines the person's…

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: What are the advantages and disadvantages of direct lending for the consumer? What can banks do to…

A: Direct lending refers to a type of lending that is provided directly by the lender, such as a bank,…

Q: What can you do if you cannot pay your credit bills?

A: Billing statement is defined as a periodic statement used to list all the payments, purchases,…

Q: If a credit is money coming to you, why is it called a credit card when money is removed from your…

A: Under the financial accounting, each account with some balance will either have debit balance or…

Q: nt stud

A: Introduction : In simple words, student loans refers to the amount borrowed by individuals to…

Q: How important is the ability to borrow money from an individual and what is the primary risk of…

A: Borrowing money is the act of obtaining money from the lender in order to fulfill a financial goal…

Q: Which statement best describes the role of a credit agency? It tracks the use of credit for lenders.…

A: credit agencies play a crucial role in facilitating lending and investment decisions. These…

Q: What is a credit score? O The number of credit cards a person has. O The number of years a person…

A: Credit score is a 3 digit number ranging from 300 to 900 representing the creditworthiness of the…

Q: How credit ratings companies evaluate and determine credit for consumers?

A: Credit rating is referred as the opinion derived from the credit agency which determines the ability…

Q: With credit tranching, the subordinated tranches may absorb credit losses as they occur.   Select…

A: Credit Tranching:- It is a system which is generally used by the international monetary funds. under…