Section 5 Study Questions

Alia Freborg Lesson 1 (3.0 points)   1. What is quote? (0.5 points) Credit is a commitment to compensate for something in the future, instead of paying for it right away.   2. What is a ascribe score? (0.5 points) Credit score is a number that tells lenders how belike you are to make payments on time.   3. What is installation credit entry? (0.5 points) installment credit is when you borrow a specific amount and lay out to pay it in a specific number of payments of die hard amounts.   4. What is revolving credit? (0.5 points) A revolving credit is when you are approved for credence up to a specific credit limit, and you send record 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-convert ing enzyme section of a credit report. (0.5 points) noninstallment   Lesson 2 (3.0 points)   1. observe at least one of the step in establishing credit. (0.5 points) One of the move in establishing credit is opening a bank account.   2. Name at least one alternate option to establishing credit if you are unable to consider a credit get at yet. (0.5 points) Department store or gas cards.   3.

What are debt change by reversal default? (0.5 points) It is the failure to make a payment. 4. What is the Better worry 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 miserable amount and working out a payment diagonal with your creditors.   6. What is bankruptcy? (0.5 points) The inability to pay back your creditors, to the extent that you plant legal papers that put your finances under the reexamination of the court system.  ...If you want to get a full essay, drop it on our website: BestEssayCheap.com

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