What is the range of possible credit scores. Give examples of bad, average, excellent credit scores

Q: 1.) The bank charged Travis a $20 fee because his balance dropped below $0. He knows that he…

A: To avoid bank charges Travis has to clear all his dues and maintain a minimum balance of $0 so, the…

Q: 1)Will applying for a credit card hurt your credit score? b.What does a CD offered by a bank stand…

A: Hello, Thank you for the question. Since there are multiple sub-parts posted here, only the first…

Q: Question 4 A "deterioration of lending practices" occurs when: O lenders require larger down…

A: When borrowers are subjected to unfair, deceptive, or abusive loan terms, "predatory lending" is…

Q: What is the best way to avoid credit card debt? O Buy everything on credit. O Buy only the things…

A: There are many measures that can be taken in order to reduce the credit card debt, Like checking the…

Q: Why do credit scores reported by each credit bureau vary by as much as 50 points? They all use…

A: Credit Scores represent the financial stability of a person. They are essential for the finnacial…

Q: Credit reports: A. Only report credit history under your current name B. Only report payments that…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: ou have OMR 500 to deposit into an account and it’s up to you to use the Internet to find the best…

A: Regardless of whether you are opening your first bank account or have dealt with financial records…

Q: A driver pays the car insurance company a fixed amount every month for coverage whether or not there…

A: Fixed Cost: The fixed cost is the cost that does not change over time or with the level of…

Q: Which pair of phrases correctly matches the specific type of loan with the broader category it best…

A: Answer:  Student loans are generally given for a long period of time. It is because students take a…

Q: discuss why people working in the finance industry might make unethical decisions.please give a…

A: Introduction and Example Regardless of whether it's a chief or forefront worker, it appears to be…

Q: Explain why someone might want to put a “red flag” on their own credit report.

A: A red flag refers to a warning that is put on the credit report if something suspicious, fraudulent,…

Q: Question 4 A credit instrument can be defined as a financial instrument that returns payments that…

A: Answer- "Thank you for submitting the questions.But, we are authorized to solve one question at a…

Q: rite a paragraph about the topic "Credit Cards". How do you feel about the use of credit cards ? Do…

A: Introduction: The situation of one's own financial affairs is referred to as one's financial health.…

Q: • Escalation clause: What is it? What type of property uses one? Why would we use it? How would it…

A:

Q: . Do you believe traders and manufacturers also require credit risk analysis before they extend…

A: Credit risk analysis is a type of investigation performed by a credit expert on likely borrowers to…

Q: Financial statements, what are they? what are they used for? Why are they important? What are the…

A: For business , individual , lender , government financial statements are very useful to know the…

Q: users of funds take

A: The price is what suppliers tend to receive and what the demanders tend to pay in any market.

Q: Question 8 What should I do if I cannot pay off my credit card bill in full? Choose the correct…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: True or false: you can request your free credit report online, over the phone, or by mail one time…

A: Credit Report is of great importance as it provides valueable information about the credit history…

Q: s and explanatio

A: The process of risk quantification by assigning numbers being comparable and measurable to the…

Q: Buying a Home - Personal Notes Scenario: You are getting a loan to buy your first home. It is a…

A: The question is based on Money demand and supply market.Supply in money market is fixed and is…

Q: Which factor would credit card companies most likely use to determine an applicant's…

A: Credit card companies offer credit to their customers in exchange of a interest rate.

Q: b) Interest is a fee that one pays to use someone else's money. (True/False) A True B) False

A: Interest is the amount of money which is paid by the borrower to the lender on the principal amount.

Q: Question 2 of 10 Which action would most likely harm a person's credit score? A. Completing a credit…

A: Answer: Some of the actions that harm credit scores are late or missed minimum monthly payments,…

Q: 1.Which of these is not a tax-advantaged retirement account? Question options:…

A: Hi, thank you for the question. A per our Honor code, we are allowed to attempt only first question.…

Q: (4) You want to buy a Ford SUV with a list price of $48,000. Dealer A offers to sell it for a…

A: Pay 42000 cash or pay 48000 in installment 0% Interest on financing Interest on saving account 10%

Q: What are the primary differences between different types of banks (savings, commercial, investment,…

A: Saving bank: The financial institution which accepting savings deposit as their primary purpose is…

Q: The first thing paid when repaying a loan is the principal. True or False?

A: Principal denotes the original amount of money borrowed by the individual for meeting his/her needs.…

Q: A new car is purchased for $20,000 with a 15% down payment and a 12% loan. The loan is for 5 years.…

A: Total amount of car= $20000Down payment= 15% of car amount = $3000 Loan amount = Total amount of car…

Q: 1. An article or substance used as a medium of exchange, means of payment or measure of wealth.

A: Answer is given below

Q: Which type of inquiry damages your credit each time one is made? a soft credit inquiry a hard health…

A: Answer: Correct option: C (a hard credit inquiry) Explanation: If a person applied for new credit…

Q: What happens if you don't manage debt properly? You sleep very well at night. You have a perfect…

A: Debt is something, usually money, borrowed by one party from another.

Q: Who prepares credit reports? O your banker credit bureaus the judge who oversees your bankruptcy…

A: A Credit Report is a summary of all the credit activities undertaken by you till date.

Q: Question 15 Many credit card companies will let you determine your interest rate and your credit…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Rspirsibe ......way. 2.2. NCA is a piece of ... .that regulates the lending of money. .are regulated…

A: Answers 2.1 fair and non-discriminatory 2.2 legislation 2.3 credit agreements

Q: Now It's Finally Time to Start Spending My Retirement Nest Egg Not so fast! People work long and…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Lenders use your credit score -- to see if you've earned your degree to criticize your financial…

A: A credit score is a report that states the person's previous and present loan details, repayment…

Q: The way to build good credit is to: A. Secure a credit card, but never use it B. Pay off the credit…

A: Better management of money is essential for a sound financial stability and to build good credit.

Q: Why is it helpful to track your spending for 2 months? a. You can receive higher interest rates for…

A: As an individual who make expenditure on different goods and services according to his interest,…

Q: Write out at least 3 or more separate steps (no more than five), explaining in full sentences what…

A: Credit is a trust that permits one party to lend money or resources to another party, with the…