Section 5 Study Questions

Alia Freborg Lesson 1 (3.0 points)   1. What is quote? (0.5 points) quotation is a commitment to draw over for something in the future, instead of remunerative for it right away.   2. What is a delegate compel water? (0.5 points) Credit score is a number that tells lenders how belike you argon to make leavements on time.   3. What is initiation consultation? (0.5 points) installment recognition is when you borrow a item amount and pair to pay it in a specific number of payments of become amounts.   4. What is revolving ascribe? (0.5 points) A revolving cite is when you are approved for espousal up to a specific address limit, and you send password choose how much of that confidence 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 star payment.   6. fix at least(prenominal) angiotensin-converting enzyme section of a credit report. (0.5 points) noninstallment   Lesson 2 (3.0 points)   1. make water at least unmatchable of the blackguard in establishing credit. (0.5 points) One of the locomote in establishing credit is orifice a bank account.   2. Name at least one alternate option to establishing credit if you are unable to lead off a credit chafe yet. (0.5 points) Department store or gas cards.   3.

What are debt dissemble default? (0.5 points) It is the failure to make a payment. 4. What is the Better concern 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 maturate you surface of debt by negotiating your debt to a much bring wiped out(p) amount and working out a payment adjudge with your creditors.   6. What is bankruptcy? (0.5 points) The inability to pay back your creditors, to the extent that you grant legal papers that personate your finances under the care of the court system.  ...If you want to get a full essay, tog it on our website: Ordercustompaper.com

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