Building a good credit rating is integral to which of the following? Ability to have access to low-interest loans O Ability to attain good interest rates on investments Ability to have access to high-reward investments Ability to have access to tax-free loans

Q: True or False 1. Another advantage of having a personal financial plan is effective debt management.…

A: The time period mortgage refers to a sort of credit score automobile wherein a amount of money is…

Q: Why do federally guaranteed loans usually have the least risk for banks, List some popular…

A: Federal guaranteed loans are loans that are backed by the federal government, which means that the…

Q: Which one of the following choice is not one of the ways to transfer savings to those in needs of…

A: Person to person lending is not a way to tarnsfer savings form those who needs funds.

Q: This term is often used by various industries to determine the amount of risk an individual…

A: Analysis of the given options: i) Capital- Capital is money put to use for economic purpose and…

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…

Q: Define the Credit Risk and include in your discussion examples of the Credit Risk and why Financial…

A: A large number of financial transactions take place in the financial system and each transaction…

Q: Using loanable funds model, explain how tax cuts for businesses will impact the interest rate and…

A: If the government has announced tax cut for the business sector and it would be leading to increase…

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,…

Q: When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five…

A: The five C's of credit are as follows: 1) Capital 2) Capacity 3) Collateral 4) Character  5)…

Q: How can understanding the difference between open credit and closed-end credit influence one's…

A: Open credit, also known as revolving credit, is a type of credit that can be used repeatedly up to a…

Q: QUESTION 1 Which if the following is not true of the 5Cs in evaluating credit quality…

A: As per our guidelines we are supposed to answer only one question (if there are multiple questions…

Q: How credit ratings companies evaluate and determine credit for consumers?

A: Credit rating is referred as the opinion derived from the credit agency which determines the ability…

Q: What is the debt credit rate for Montgomery, AL? and does is has impacts that must be paid to lure…

A: Municipalities, including Montgomery, AL, often rely on debt credit ratings to assess their…

Consumer Credit Counseling Services

Credit counseling teaches consumers about credit, budgeting, money management, and debt management. The counselor ensures that consumers can pay off their debts without declaring bankruptcy. Counselors also assist the negotiator, who negotiates with creditors on behalf of their clients to reduce interest rates on outstanding debt. Counselors can offer credit counseling to customers before or after they take on debt. Consumer Credit Counseling Services (CCCS) is a non-profit organization that offers credit counseling services. Some organizations can also be for profit. This type of organization comprises a group of professionals who are skilled negotiators.