Question 4Why do businesses or individuals considering giving you credit look at your "debt-to-income" ratio?OA. They are curious snoops.They want to see if you have enough total income to pay off all your bills. IfOB. you have the income to pay off all your bills, you are probably a better"risk."OC. Potential lenders want to know if you can do "ratio math problems."OD. They want to see if you can save money.Question 5Your parents' credit score determines your credit score.True.False.Question 6You have to be rich to havea good credit score.True.False.Question 7 Question 1How long you've had an account - like a credit card or a cell phone account -helps to determine your credit score.True.False.Question 2Which statement is true?OA. It's really easy to mess up your credit score.OB. It's hard to mess up your credit score.Question 3Good credit helps bring independence. Which statement best illustrates the factthat good credit helps bring independence?Good credit can help you build a savings account. Because you pay less ininterest when you have good credit, you are able to save more. Money inOA.your pocket (or your savings account) always gives you more options thannot having money in your pocket.Good credit means you can be entirely independent and don't have to payOB.your bills on time.Good credit means you have to live at home with your parents after collegeOc.because you cannot get an apartment.Good credit means you always have to pay more for risk based items likeOD,car insurance.

Having a good credit score is important for every individual. Good credit score increases the…

Why do businesses or individuals considering giving you credit look at to-income" ratio? OA. They are curious snoops. They want to see if you have enough total income to pay off all your bills. If OB. you have the income to pay off all your bills, you are probably a better "risk." OC. Potential lenders want to know if you can do "ratio math problems." OD. They want to see if you can save money. Question 5 Your parents' credit score determines your credit score. True. False. Question 6 You have to be rich to havela good credit score. True. False.

Why do businesses or individuals considering giving you credit look at to-income" ratio? OA. They are curious snoops. They want to see if you have enough total income to pay off all your bills. If OB. you have the income to pay off all your bills, you are probably a better "risk." OC. Potential lenders want to know if you can do "ratio math problems." OD. They want to see if you can save money. Question 5 Your parents' credit score determines your credit score. True. False. Question 6 You have to be rich to havela good credit score. True. False.

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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is a short term loan against your credit card. Instead of using the credit card to make purchases or pay for a service, you bring it to the bank or ATM and receive cash to be used for whatever purpose you need.
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Obtaining credit begins with you. After you complete a credit application, the lender decides if you are a good risk. Agencies that collect credit information about individuals are called credit bureaus. For a fee, they provide information about you that lenders need to decide if you are a good risk. The information you provide on your application is checked against the information the credit bureaus have collected about you. Why is your credit application approved or denied? ооооо Good news-your credit application was approved. What are the major factors about you that the lender used to evaluate your creditworthiness? Check all that apply. оооо APPROVED Physical appearance Character Political affiliation Capacity Religion 0000 MEGACREDIT Capital Extra 199 SIE TEL Your friend recently applied for credit and was turned down. Why was your friend probably denied credit? Check all that apply. History of personal bankruptcy FICO score greater than 850 Absence of checking, savings, or other…
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Credit cards allow people to purchase things that they can almost afford. Things are bought with the feeling that they will soon be paid for. However they also fuel the temptation to buy things that perhaps should have been resisted. This is especially true with the type of credit card that allows a consumer to spend freely for 6 months without being hit by interest. If the account can be zeroed out in that time, the card has given consumer an interest free loan. But it is possible that the consumer has spent up to the limit of the card, say $10,000 and must now pay this off at 24% APR.a) What is the monthly interest rate corresponding to 24% APR? divided by 12.b) How much interest is owed after 1 month on the $10,000? multiplied by the monthly interest rate.

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