Section 5 Study Questions

Alia Freborg Lesson 1 (3.0 points)   1. What is quote? (0.5 points) Credit is a commitment to track for something in the future, instead of paying for it right away.   2. What is a put score? (0.5 points) Credit score is a number that tells lenders how believably you are to make payments on time.   3. What is installation reference point? (0.5 points) installment attribute is when you borrow a specific amount and hold to pay it in a specific number of payments of blend in amounts.   4. What is revolving credit? (0.5 points) A revolving credit is when you are approved for bankers acceptance up to a specific credit limit, and you send say 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 enz yme section of a credit report. (0.5 points) noninstallment   Lesson 2 (3.0 points)   1. visit at least one of the step in establishing credit. (0.5 points) One of the step in establishing credit is opening a bank account.   2. Name at least one alternate option to establishing credit if you are unable to bugger off a credit dun yet. (0.5 points) Department store or gas cards.   3.

What are debt turn tail default? (0.5 points) It is the failure to make a payment. 4. What is the Better concern Bureau? (0.5 points) It is an organ ization 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 misfortunate amount and working out a payment shed with your creditors.   6. What is bankruptcy? (0.5 points) The inability to pay back your creditors, to the extent that you propose legal papers that put your finances under the review of the court system.  ...If you want to get a full essay, drop it on our website: BestEssayCheap.com

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