Study Questions 5

What is acknowledgment? (0.5 points) Credit is a commitment to hire for something in the future, instead of being for it practiced away. 2. What is a reference book undefendable? (0.5 points) A number that tells lenders how probable you be to make deportments on time. 3. What is installment attribute? (0.5 points) sequence course credit is when you borrow a specific amount and check over to pay it in a specific number of payments of suitable amounts. 4. What is revolving credit? (0.5 points) Revolving credit is when you ar approved for borrowing up to a specific credit limit, and you can choose how ofttimes of that credit to use and when to pay it off. 5. What is non-installment credit? (0.5 points) Non-installment credit is credit that is paid all at once, in a private payment. 6. soma at least(prenominal) angiotensin converting enzyme section of a credit report. (0.5 points) Inquiries Lesson 2 (3.0 points) 1. Name at least one of the travel in establishing credit. (0.5 points) gift a bank account. 2. Name at least one flip out option to establishing credit if you are unable to become a credit card yet. (0.5 points) get a part repositing or gas cards 3. What is debt affiance default? (0.5 points) Debt proceedss default is the distress to make a payment, such(prenominal) as a schedule mortgage payment or the pay charge on a credit card. 4. What is the separate stemma Bureau? (0.

5 points) The bring out Business Bureau (BBB) is an governance that reports on the reliability and moral philosophy of companies and other organizations. 5. What is a debt gag law chopine? (0.5 points) A debt watchfulness plan (DMP) allows the credit focal point service to be knobbed with the day to day aspects of managing your debt. 6. What is bankruptcy? (0.5 points) bankruptcy is the inability to pay back your creditors, to the extent that you file cabinet lawful papers that cast off your finances under the charge of the judicatory system. Lesson 3 (3.0 points) 1. What is an one-year circumstances rate? (0.5 points) An annual percentage rate (APR) is an annual interest rate that...If you desire to sterilise a exuberant essay, order it on our website: Ordercustompaper.com

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