According to Dave Ramseys seven baby steps plan. What would be the pros and cons of using a credit card for any purchase?

Q: Describe in detail and critique two of the following “savings” ideas(include works cited):…

A: Timeline vs Intensity (Afford Anything):According to the Timeline vs. Intensity idea, which was made…

Q: Going to a bank and applying for a mortgage loan would be an example of what type of financing?…

A: A mortgage is a contract between you and a lender that provides the lender the right to repossess…

Q: Saving accounts operated by islamic banks are based on the concept of: Select one: O A. wadiah O B.…

A: Murabahah is also referred to as cost plus financing , It is nothing but an Islamic financing…

Q: Say you were hired to do marketing for a bank. You are expected to market the great interest rates…

A: for marketing a loan it would be more appealing to advertise the APR  The APR, which is usually…

Q: Discussion Topic Think about two important aspects of financial planning: insurance and investments.…

A: Insurance and investment both are essential components of one's financial planning for the future.…

Q: Describe each of the different types of credit card rewards programs. Which one do you like best and…

A: Some credit card gives incentives to the cardholders in the form of  credit card rewards. Credit…

Q: Most young adults form their opinions about credit and debt from what they see in their parent's…

A: The consumer debt of parents has a huge effect on their young adult children. If parents have a…

Q: Explain the possible IFRS treatment of bank loans.

A: IFRS is international finance reporting standards will replace with Accounting standards 39.

Q: Banks? Banking Online? Is Banking Safe?

A: We can define financial institution as those institutions which help in the transfer of funds from…

Q: What is a common example of paying for risk transfer in everyday life? Purchasing a house Buying…

A: Risk is an important concept in finance. We face risks in all aspects of our life and more so in the…

Q: Before taking out a consumer loan, you should be sure the purchase is compatible with your financial…

A: We may not always have the funds necessary to complete some tasks or purchase certain items.…

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: Is your deposited money safer today in a struggling bank, or safer kept at your home? Explain your…

A: The safety of your money in a struggling bank versus keeping it at home depends on various factors…

Q: Which of the following is TRUE about Credit Score / FICO Score: Group of answer choices the lower…

A: What is credit score? It is a score that ranges from 300 to 850 and it represents the credit…

Q: What is the meaning of Gracian's maxim # 185 (clxxxv) "Never stake your Credit on a single Cast" in…

A: Gracian's maxim #185 from "The Art of Worldly Wisdom" cautions against depending too much on one…

Q: What is the main idea about personal finance and financial literacy

A: The main idea about personal finance and financial literacy revolves around the effective management…

Q: How can I manage keep my credit score high?

A: Credit Score: A credit score may be a range between 300–850 that depicts a consumer's…

Q: If you were a wise credit card user, under which of the following conditions would you consider…

A: Here the situation is person using the credit card and want to consider using the credit card to…

Q: What specific areas of personal finance interest you the most and why? What aspects of your own…

A: Personal finance involves managing money and budget for a person or a family.   It involves aspects…

Q: In your own understanding, can you utilize credit cards as a financial leverage in your own…

A: A credit card is a financial tool that allows individuals to borrow funds from a financial…

Q: When would you would use a Personal Loan? Why would you choose a Personal Loan over other methods of…

A: “Since you have posted multiple questions, we will solve fist question for you. If you want any…

Q: QUESTION 7 Say you were hired to do marketing for a bank. You are expected to market the great…

A: Since question number 8 is already done, the Only answer to question number 7 will be provided.

Q: All credit cards are not alike, nor are all spenders alike. When you are deciding which credit card…

A: The objective of the question is to determine the best credit card option for Larry, who is not a…

Q: When can we used credit union?

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

Q: Visit the web and find information on how social networks like Facebook have had some influence on…

A: The rules of credit card companies have been significantly influenced by Facebook and other social…

Q: You will discuss credit from the lenders point of view. What factors do lenders consider when making…

A: A credit score is a numerical representation of a person's creditworthiness and indicates how well…

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.