10. What is one advantage and disadvantage of using a credit card to make purchases.

Q: What do I need to do to build a solid credit history and how can I maintain it?

A: credit score history is a method to judge a customer's capability of paying his credit amount taken…

Q: 12. Jim puts had $5000 in a CD on January 1, 2008. He deposited an additional $350 dollars each…

A: The concept of time value of money states that the money received today is worth more than in…

Q: Does the Paying Off through Cards Saves a lot?

A: No Paying off through cards doesn’t save a lot.

Q: ESSAY on "Using your Credit Card/s as a Leverage"

A: In today's fast-paced world, credit cards have become an integral part of our financial lives. They…

Q: Why is it important to choose checking and savings account that suits you best?

A: A checking account is that account which is for day to day spending. This is the account where the…

Q: According to Dave Ramseys seven baby steps plan. What would be the pros and cons of using a credit…

A: Dave Ramsey’s seven baby steps plans consists of plans which make an individual financially…

Q: How does credit scoring operate, and how are we as consumers and users of credit effected by it?

A: Credit Scoring - Credit scores are calculated with the help of the details of the old payment…

Q: When can we used credit union?

A: Credit unions are the institutions or co-operatives that give banking services. These unions are…

Q: What is the key advantage of using electronic payments instead of currency or checks?   A. Lower…

A: Opportunity costs refers to the benefits that are foregone when a firm implements any project.

Q: Debit

A: Lost or stolen debit or credit both can cause problems. However the problem is more with the debit…

Q: What bank regulation is designed to reduce adverse selection problems for deposit insurance? Will it…

A: Banks are the financial institutions that are involved in providing financial services to their…

Q: desrcibe credit card security and why its imporant

A: Credit Card Security: A form of credit card known as a secured credit card is one that requires the…

Q: What is the primary goal of credit management? a) Maximizing sales revenue b) Minimizing credit risk…

A: Credit management is a term used to identify accounting functions usually conducted under the…

Q: What increases your credit score

A: Credit scores are given by banks to customers.Credit scores are very important to get credit from…

Q: What are the advantages and disadvantages of direct lending for the consumer? What can banks do to…

A: Direct lending refers to a type of lending that is provided directly by the lender, such as a bank,…

Credit card

A credit card is provided by financial institutions or banks, which permits a person to borrow money on a preapproved limit for purchases on a credit basis. The credit limit is decided by the institution and bank which issues a credit card depending on the person’s credit score and income. A cardholder can use the card for credit purchases, a balance transfer, cash advances.