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

Q: 15. The earned income credit is a refundable credit. True False

A: The earned income credit is a tax credit available to the low income taxpayers in United States.…

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: 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: Some credit repair companies have instant solutions to your credit problems. True O False

A: Credit repair companies are businesses that offer services to help consumers improve their credit.…

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: 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: 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: 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: Benefits of a savings account for borrowers ?

A: The saving account refers to the type of account in a bank that provides the facility to deposit the…

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: Identify two important pieces of information that should be included in the borrower's credit…

A: Credit is a two-party transaction in which one (the creditor or lender) exchanges money,…

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: 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: 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: 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: Explain why a good credit rating is a valuable asset that should be nurtured and protected

A: Good credit rating should be nurtured and protected by the companies.

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: Please help me to write a short essay on: Compose a 500 – 750-word paper defining credit…

A: Credit discrimination has been a longstanding issue in the United States, particularly for…

Q: Which of the following credit terms would be more generous to your customers:  n/30 or n/eom?

A: The answer for the question on credit term is discussed hereunder :

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: 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: 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: 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: What are the main risks that credit ratings reflect? Do we need credit ratings? What are the…

A: The credit ratings reflect these main risks :  Credit risk or Repayment risk Liquidity risk  Market…

Q: How does compound interest affect the loans you undertake? For example, how would this  affect…

A: Interest is an additional value which is charged on borrowed or deposited amount. Interest can be an…

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: HY YOU SHOULD BE FINANCIALLY LITERA

A: Today we are living in knowledge world and more knowledge would create more wealth for you and would…

Q: Explain the importance of building and maintaining good credit.

A: Credit : In simple words, credit refers to the ability of an individual or an entity to borrow money…

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: how is the assessment in bad credit? note: include a reference

A: Credit scores: These are the 3 digit number that represent  the financial behavior of a person.…

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 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: hat may a person lose in addition to the goods if she or he fails to keep up the payments on a…

A: A loan is referred as the amount provided to one party to another where the principal amount with…