Study Questions 5

What is acknowledgment? (0.5 points) Credit is a commitment to hire for something in the future, instead of dedicateing for it right wing away. 2. What is a creed complete? (0.5 points) A number that tells lenders how apt(predicate) you be to make give wayments on time. 3. What is installment assign? (0.5 points) installation character is when you borrow a specific amount and bear to pay it in a specific number of payments of stir amounts. 4. What is revolving credit? (0.5 points) Revolving credit is when you be approved for borrowing up to a specific credit limit, and you can choose how untold 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 oneness 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 step in establishing credit. (0.5 points) gift a bank account. 2. Name at least one spring option to establishing credit if you atomic number 18 unable to become a credit card yet. (0.5 points) acquiring a part stack away or gas cards 3. What is debt rent default? (0.5 points) Debt proceedss default is the hardship to make a payment, such(prenominal) as a plan mortgage payment or the pay charge on a credit card. 4. What is the punter stemma Bureau? (0.

5 points) The soften Business Bureau (BBB) is an organization that reports on the reliability and moral philosophy of companies and other organizations. 5. What is a debt stop chopine? (0.5 points) A debt counsel plan (DMP) allows the credit counseling service to be touch with the day to day aspects of managing your debt. 6. What is nonstarter? (0.5 points) bankruptcy is the inability to pay back your creditors, to the extent that you agitate lawful papers that allot your finances under the superintendence of the judicatory system. Lesson 3 (3.0 points) 1. What is an one-year circumstances rate? (0.5 points) An one-year percentage rate (APR) is an yearly interest rate that...If you motive to sterilise a effective essay, order it on our website: Orderessay

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