Alexa Campbell - Credit Reports

4) Describe the difference between a hard inquiry and a soft inquiry. Give an example of each and explain how they impact your credit report/score.  5) Discuss 5 areas in life where your credit score could be checked and thus impact the purchase/event?  6) Describe the 5 C's of credit. What is the most important action to building your character, one of the 5 C's.

1. Describe the importance of a credit score for financial planning. 2. List the credit bureaus and list information that is contained in a person's credit report. 3. Review at least two sources of free credit reports, such as Credit Karma or any other site that you are familiar with. As described on one of these sites, name the factors that affect credit scores. 4. Propose a strategy that is expected to increase a person's credit score.

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…

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? DENIED 0000 SORRY! to you fra C cand hand Collateral Physical appearance Character Political affiliation Marital status Capacity e yo yhing ring you Bestar lates Onge y Bad news-your credit application was denied. What are the major factors about you that the lender used to evaluate your creditworthiness? Check all that apply. Select reasons why you were probably turned down for credit. Check all that apply. Large amount of available credit relative to income False or misleading information on your application…

Imagine you're trying to select a new credit card. Identify 4 attributes of a credit card you would consider in making your selection. make a brief description of each attribute and how you would use it to select a credit card. Where would you file a complaint if the issuer of the credit card you select later treats you unfairly?

1. When would you choose to give a refund after creating a Credit Memo?   2. When would you choose to retain an available credit after creating a Credit Memo?

Which one of the following best defines the term credit scoring?  A.  Categorizing customers into groups depending on the length of time it takes each customer to pay for purchases   B.  Compiling a list of accounts receivable segregated by the length of time each receivable has been outstanding   C.  Evaluating the opportunity costs of a credit policy   D.  Process of quantifying the probability of default when granting credit to customers   E.  Tracking of both the number and the size of customer orders over a period of time

FIND THE ERRORS AND PUT THE ADJUSTMENTS IN THE TEXT RESPONSE OF THIS ASSIGNMENT EXAMPLE: THE AVAILABLE CREDIT SAYS: ____________________ THE ACTUAL AMOUNT OF AVAILABLE CREDIT IS:_____________________

Which of the following credit card options would be the MOST difficult to get approved while in the Highschool A. Co-signed card B. Chase sapphire preferred rewards card C. Discover student card D. Secured card

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Consumers should comparison shop for credit just as they would for any other consumer good or service. How might a​ consumer's stage of the financial life​ cycle, income, net​ worth, or credit score affect the availability of loan sources and the associated cost of the loans​ offered?       Question content area bottom Part 1 Which of the following statements is​ correct?  ​(Select best answer​ below.)     A. ​Typically, stages of the financial life​ cycle, income, net worth and your credit score move in​ unison, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.   B. ​Typically, stages of the financial life​ cycle, income, and net worth move inversely with credit​ score, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.   C. ​Typically, stages of the financial life​ cycle, income, net worth and your credit score move…

Which of the following is not a company that can provide you with a look at your credit score? a. Credit care  b. Credit Karma c. Vantage Score d. Credit Sesame

Please help me to write a short essay on: Compose a 500 – 750-word paper defining credit discrimination, identifying protected classes, exploring its history, and its impact on the protected classes. Your paper should address the following – Define credit discrimination and identify protect classes. What impact has the lack of credit access or affordable credit had on protected classes? How has the practice of credit discrimination contributed to social injustice in the past?  Does this remain a factor today? Explore the current and potential future impact of credit on your personal financial position.  What steps can you take to protect and improve your credit?

Answer this for me mate. Appreciate it.

Directions: Match the vocabulary definitions to the vocabulary words. Vocabulary Words 1. Credit score = 2. FICO = 3. Poor FICO credit score = 4. Exceptional FICO credit score = 5. Payment history scores = 6. Length of credit history= 7. New credit = 8. Total debt, balances, and utilization =     Vocabulary Definitions A. Total owed as well as how much available credit a person is using B. All new loans or accounts and all creditor credit report requests C. How long a person has had an account or loan D. Stands for Fair Isaac Corporation, a company that provides lenders with formulas to figure out credit scores E. Credit score that is below 580 F. A way for lenders to predict how likely a person is to pay back a loan on time G. Whether a person is paying bills on time and as agreed H. Credit score of 800 or more

What is the billing and collection process flow? Group of answer choices 1. If the customer is a new one or its existing credit is not sufficient, contact the customer and send a credit application. 2. Upon receipt of the completed application, obtain a credit report and decide if you will grant credit, and how much. 3. If you grant sufficient credit for the order, stamp the order as approved and send it to the shipping department. 1. A customer contacts the company with an order. 2. If the customer is an existing one, then you verify the amount of credit available. If the credit is sufficient, stamp the order as approved and send it to the shipping department. If the credit is not sufficient, go to the next step. 1. A customer contacts the company with an order. 2. If the customer is an existing one, then you verify the amount of credit available. If the credit is sufficient, stamp the order as approved and send it to the shipping department. If the credit is not sufficient, go to the…

Consumers should comparison shop for credit just as they would for any other consumer good or service. How might a​ consumer's stage of the financial life​ cycle, income, net​ worth, or credit score affect the availability of loan sources and the associated cost of the loans​ offered?         Question content area bottom Part 1 Which of the following statements is​ correct?  ​(Select best answer​ below.)     A. ​Typically, stages of the financial life​ cycle, income, and net worth move inversely with credit​ score, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.   B. ​Typically, stages of the financial life​ cycle, income, net worth and your credit score move in​ unison, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.   C. ​Typically, stages of the financial life​ cycle, income, net worth and your credit score…

Suppose a co-worker has recorded a cash disbursement twice (Supplies Expense was debited twice for $100 and Cash was credited twice for $100) and wants you to record a correcting entry that will reverse the mistake. The correcting entry will record a debit to the Cash account and a credit to the Supplies account. Would you make this correcting entry? What should you investigate before making a decision about the correcting entry? Are there any other steps you would take to address this issue?

After invoicing a regular customer, PaintPros realizes that it billed the customer for prep work that was supposed to be free per the estimate. How should a credit memo be created for this customer? Select an answer: Apply the credit memo to the overbilled invoice and send the customer a check. Apply the credit memo to any open invoice by selecting Receive Payment. Apply the credit memo to the customer's most recent payment and send the customer a refund.

Please answer question completely and correctly. Fill out every single box with the right information please