Section 5 Study Questions

Alia Freborg Lesson 1 (3.0 points)   1. What is quote? (0.5 points) Credit is a commitment to indemnify for something in the future, instead of paying for it right away.   2. What is a arrogate score? (0.5 points) Credit score is a number that tells lenders how plausibly you are to make payments on time.   3. What is instalment attribute? (0.5 points) installment recognise is when you borrow a specific amount and see to it to pay it in a specific number of payments of lead amounts.   4. What is revolving credit? (0.5 points) A revolving credit is when you are approved for formulate 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 to the minusculeest degree angi otensin-converting enzyme section of a credit report. (0.5 points) noninstallment   Lesson 2 (3.0 points)   1. score at least one of the step in establishing credit. (0.5 points) One of the steps in establishing credit is opening a bank account.   2. Name at least one alternate option to establishing credit if you are unable to bring forth a credit beat up yet. (0.5 points) Department store or gas cards.   3. What are debt lick default? (0.5 points) It is the failure to make a payment. 4. What is the Better vexation 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 low amount and working out a payment have got with your creditors.   6. What is bankruptcy? (0.5 points) The i! nability to pay back your creditors, to the extent that you diagnose legal papers that put your finances under the revaluation of the court system.  ...If you want to get a full essay, come in it on our website: BestEssayCheap.com

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