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

Explain the importance of proper credit approval for sales only typed solution

Question 24 True or False: All credit counseling companies act in good faith, and you should not have to worry about scams when researching potential companies to use for credit counseling. A True False

Obtaining credit begins with you. After you complete a credit application, the lender decides if you are a good risk. Agencies that collect credit information about individuals are called credit bureaus. For a fee, they provide information about you that lenders need to decide if you are a good risk. The information you provide on your application is checked against the information the credit bureaus have collected about you. Why is your credit application approved or denied? ооооо Good news-your credit application was approved. What are the major factors about you that the lender used to evaluate your creditworthiness? Check all that apply. оооо APPROVED Physical appearance Character Political affiliation Capacity Religion 0000 MEGACREDIT Capital Extra 199 SIE TEL Your friend recently applied for credit and was turned down. Why was your friend probably denied credit? Check all that apply. History of personal bankruptcy FICO score greater than 850 Absence of checking, savings, or other…

Which of the following is a disadvantage of credit OR buying on using credit? *   a Instant enjoyment   b Emergencies   c Convenience     d Impulse buying Savings     2. From the list below, pick an advantage of using credit to complete a purchase: *     a Overbuying   b Instant enjoyment   c Impulse buying   d Financial Difficulties   e Cost of credit

Notes Receivables & Accounts Receivables How are accounts receivables like notes receivables, in that notes receivables can be sold to other parties and are used to extend credit to customers? Please explain.

Please answer multichoice question in photo. There can be more than one answer.

Lawyer Lemon, a Jacksonville lawyer, specializes in what he calls credit management law. Thatis, he aids clients with bad credit ratings to improve their status with the major purveyors ofcredit information. If a client's credit rating improves, then the client can get loans that he orshe previously could not have gotten. Lemon's business is a little thin, so he decides toadvertise his services. The text of his ad reads as follows:"Has Bad Credit Got You Down? Come and see Lou Lemon, Attorney at Law, to get a goodcredit ratingFast, faster, fastest credit lawyer in town. Results Guaranteed!Call Lou Lemon today at (904) 343-2929."Which of the following is most correct?O A. If Lemon eliminates the first line of his ad, then the ad will be PROPER.C B. If Lemon eliminates the second line of his ad, then the ad will be PROPER.C. Lou MAY use the ad in brochures, but not on the radio or t.v.D. If Lemon uses the ad as written, he will be SUBJECT TO DISCIPLINE.

How does a revolving line of credit work? Please do not copy and paste

Effective credit management involves establishing credit standards for extending credit to customers, determining the company’s terms of credit, and setting up procedures for invoicing and collecting past-due accounts. The following statement refers to a credit management policy. Select the best term to complete the sentence. The conditions of the credit sale, including cash discounts and due dates, are indicated by the company’s   (______)  .   Consider the case of Newtown Co.: Newtown Co.’s CFO has decided to take a closer look at the company’s credit policy. Newtown Co. has annual sales of $402.8 million, and it currently has an accounts receivable balance of $47.6 million. The first step in analyzing the firm’s credit policy is to determine its days sales outstanding (DSO).   Based on this information, Newtown Co.’s DSO is  (_____)  . (Note: Use 365 days as the length of a year in all calculations. Do not round intermediate calculations. Round your answer to one…