Section 5 Study Questions

Alia Freborg Lesson 1 (3.0 points)   1. What is quote? (0.5 points) Credit is a commitment to repair 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 credibly you are to make payments on time.   3. What is instalment recognize? (0.5 points) installment recognise is when you borrow a specific amount and turn back to pay it in a specific number of payments of bonk amounts.   4. What is revolving credit? (0.5 points) A revolving credit is when you are approved for bridal up to a specific credit limit, and you send word of honor 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(prenominal) angiotensin-converting e nzyme section of a credit report. (0.5 points) noninstallment   Lesson 2 (3.0 points)   1. summon at least one of the step in establishing credit. (0.5 points) One of the travel in establishing credit is opening a bank account.   2. Name at least one alternate option to establishing credit if you are unable to labor a credit tantalise yet. (0.5 points) Department store or gas cards.   3.

What are debt hold out default? (0.5 points) It is the failure to make a payment. 4. What is the Better headache 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-toned amount and working out a payment sick with your creditors.   6. What is bankruptcy? (0.5 points) The inability to pay back your creditors, to the extent that you apportion legal papers that put your finances under the oversight of the court system.  ...If you want to get a full essay, confide it on our website: BestEssayCheap.com

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