Section 5 Study Questions

Alia Freborg Lesson 1 (3.0 points)   1. What is quote? (0.5 points) Credit is a commitment to cover up for something in the future, instead of paying for it right away.   2. What is a portion score? (0.5 points) Credit score is a number that tells lenders how credibly you are to make payments on time.   3. What is installment credence? (0.5 points) installment character reference is when you borrow a specific amount and play off to pay it in a specific number of payments of fit amounts.   4. What is revolving credit? (0.5 points) A revolving credit is when you are approved for borrowing 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 to the smallest degree angioten sin-converting enzyme section of a credit report. (0.5 points) noninstallment   Lesson 2 (3.0 points)   1. place at least one of the step in establishing credit. (0.5 points) One of the go in establishing credit is opening a bank account.   2. Name at least one alternate option to establishing credit if you are unable to abide a credit mock yet. (0.5 points) Department store or gas cards.   3.

What are debt bet default? (0.5 points) It is the failure to make a payment. 4. What is the Better business organisation Bureau? (0.5 points) It is an organization that reports on the relia! bility 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 ease up with your creditors.   6. What is bankruptcy? (0.5 points) The inability to pay back your creditors, to the extent that you buck legal papers that put your finances under the brushup of the court system.  ...If you want to get a full essay, pull it on our website: OrderCustomPaper.com

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