Scenario 1: you want to purchase a new vehicle and you have your heart set on a brand-new SUV. you take out a loan to pay for the car, but after six months you begin to fall behind on payments and incur late fees. Does your credit score go up or down? Why does it go up or down? If your score goes down, how can you fix it?
Scenario 1: you want to purchase a new vehicle and you have your heart set on a brand-new SUV. you take out a loan to pay for the car, but after six months you begin to fall behind on payments and incur late fees. Does your credit score go up or down? Why does it go up or down? If your score goes down, how can you fix it?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Scenario 1:
you want to purchase a new vehicle and you have your heart set on a brand-new SUV. you take out a loan to pay for the car,
but after six months you begin to fall behind on payments and incur late fees.
Does your credit score go up or down?
Why does it go up or down?
If your score goes down, how can you fix it?
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