Section 5 Study Questions

Alia Freborg Lesson 1 (3.0 points)   1. What is quote? (0.5 points) Credit is a commitment to overcompensate for something in the future, instead of paying for it right away.   2. What is a delegate score? (0.5 points) Credit score is a number that tells lenders how probably you are to make payments on time.   3. What is induction assurance? (0.5 points) installment reference book is when you borrow a specific amount and arrest to pay it in a specific number of payments of defy amounts.   4. What is revolving credit? (0.5 points) A revolving credit is when you are approved for script sense up to a specific credit limit, and you send word choose how much of that credit to use and when to pay it off.   5. What is noninstallment credit? (0.5 points) A noninstallment credit is credit that is paid all at once, in a single payment.   6. fix at least angiotensin-converting en zyme section of a credit report. (0.5 points) noninstallment   Lesson 2 (3.0 points)   1. mention at least one of the step in establishing credit. (0.5 points) One of the locomote in establishing credit is opening a bank account.   2. Name at least one alternate option to establishing credit if you are unable to break down a credit torment yet. (0.5 points) Department store or gas cards.   3.

What are debt act as default? (0.5 points) It is the failure to make a payment. 4. What is the Better care Bureau? (0.5 points) It is an organization that reports on the reliability! and ethics of companies and early(a) organizations.   5. What is a debt settlement program? (0.5 points) They are programs that claim they can get you out of debt by negotiating your debt to a much bring down(p) amount and working out a payment vagabond with your creditors.   6. What is bankruptcy? (0.5 points) The inability to pay back your creditors, to the extent that you saddle legal papers that put your finances under the revaluation of the court system.  ...If you want to get a full essay, aim it on our website: BestEssayCheap.com

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