What can you do to build and maintain your credit rating? Why is this important

Q: What are industry benchmarks, and why are they used in the credit evaluation process?

A: The answer for the question on the industry benchmarks used in the credit evaluation process is…

Q: What is the  range of possible credit scores. Give examples of bad, average, excellent credit…

A: Credit reporting agencies determine the score(i.e credit score) of the individual. This score is…

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: 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: Please answer quickly: How do the objectives of evaluating financial condition differ between…

A: A creditor is a financial expert who evaluates the creditworthiness of assets, individuals, and…

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: Building a good credit rating is integral to which of the following? Ability to have access to…

A: Meaning: Credit rating is the measurement of the past performance of a company related to loans and…

Q: Explain why a good credit rating is a valuable asset that should be nurtured and protected

A: Good credit rating should be nurtured and protected by the companies.

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: 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,…

Q: Who is most likely to perform due diligence? A. Investment bankers  B. Loan officers C. Angel…

A: A Due Deligence refers to the business exhaustively examining another to determine whether it is a…

Q: What are the main risks that credit ratings reflect? Do we need credit ratings? What are the…

A: The credit ratings reflect these main risks :  Credit risk or Repayment risk Liquidity risk  Market…

Q: nt stud

A: Introduction : In simple words, student loans refers to the amount borrowed by individuals to…

Q: Why is granting credit riskier in an international context?

A: The term credit refers to selling goods on credit by the business top its customers i.e. instead of…

Q: Which statement best describes the role of a credit agency? It tracks the use of credit for lenders.…

A: credit agencies play a crucial role in facilitating lending and investment decisions. These…

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…