Q: What corrective action can be taken for customers whose outstandingbalances do not adhere to our…
A: Credit to Customers: It is the facility extended by the vendor to the customer to resolve the…
Q: Overall, do you believe that extending credit to customers is a good business practice? Why or why…
A: Credit policy: It is the policy of the business to provide goods and services on credit to its…
Q: What do I need to do to build a solid credit history and how can I maintain it?
A: credit score history is a method to judge a customer's capability of paying his credit amount taken…
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: do we need to check the credit worthiness of credit customers before granting their credit…
A: Giving credit to the business and customers is main earning sources for banks but they need to take…
Q: What is the difference between a credit score(FICO) and a credit report. How/where can you check…
A: Credit Score- It is a number that helps the lender to evaluate the credit worthiness of an…
Q: xplain the importance of maintaining good credit rating
A: Credit refers to the ability of an individual or an entity to borrow money from some other…
Q: True or False: You can dispute an incorrect item on your credit report. True False
A: If there is an error in your credit report one should immediately takes steps to rectify it because…
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: account, we will ____ it. A. Debit B. Credit
A: A contra asset account is a type of asset account with a balance that can be either negative or…
Q: Which of the following is not a company that can provide you with a look at your credit score? a.…
A: There are three companies given in the question which are working in the credit field: Credit Karma…
Q: The customers of the company would like to know its credit worthiness and the terms of payment. O…
A: Accounting concept states the basic principles, assumptions as well as rules that work on the…
Q: True or false: Credit bureaus provide educational materials only to those with high credit scores
A: Credit bureaus are an organization that makes research and also collect credit information of…
Q: Credit ratings are not very useful as they are merely a static appraisal of the financial health of…
A: Credit ratings analysis is a process in which the borrower's application is assessed and analyzed…
Q: What is the difference between your credit report and your credit score? What is a good credit…
A: Introduction to Credit report A credit report is prepared by a credit bureau and is a breakdown of a…
Q: How can you have a good credit history?
A: Good credit history can be maintained by complying with the terms and conditions and ensuring that…
Q: Debit
A: Lost or stolen debit or credit both can cause problems. However the problem is more with the debit…
Q: Why do credit ratings change? How can these changes affect investors?
A: Credit ratings are assigned on the basis of extensive economic analysis by the credit rating…
Q: Lenders use your credit score? To criticize your financial habits, to punish you for having good…
A: credit score reflect the credit worthiness of the borrower.
Q: what is credit and why is it important how do you build your credit how do you check your credit…
A: Credit is a very important part of meeting one’s personal financial objective. It is used by…
Q: What does a high credit score mean? The person is considered a higher risk and less likely to pay…
A: A credit score evaluates a person's creditworthiness, or ability to repay debt. It is commonly…
Q: he purpose of the inflation premium is to maintain the purchasing power of money while it is loaned…
A: a) An inflation premium is added to interest rates for compensating for expected inflation by…
Q: Advantage and disadvantages of letters of credit and bankers acceptance.
A: Letter of credit is a letter in which the banks take the guarantee of the buyer that the buyer will…
Q: What does a low credit score mean? The person has a low amount of credit. The person is likely to…
A: A person with a bad credit rating has a low credit score. A credit score defines the person's…
Q: 4) Describe the difference between a hard inquiry and a soft inquiry. Give an example of each and…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Credit selection involves the application of techniques to determine which customers should receive…
A: Credit selection refers to the decision to whether the company should extend the period or the…
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: Hi why is the net income on the credit side and not debit?
A: Net Income - Net Income is the result of the revenue over expense incurred by the company. It will…
Q: Discriminants analysis, perhaps the most significant advance in credit analysis came with the…
A: The Altman's Z-Score is a measure of identifying and determining the likelihood of a publicly-held…
Q: Identify benefits of a good credit score. Select all that apply. O better job opportunities O lower…
A: A credit score is a measurement that lenders use to understand if a consumer is reliable or risky.…
Q: how is the assessment in bad credit? note: include a reference
A: Credit scores: These are the 3 digit number that represent the financial behavior of a person.…
Q: A credit bureau, AKA credit agencies, are companies that collect credit information about…
A: A credit bureau can be defined as a company that gathers and researches information about…
Q: True or False: All credit counseling companies act in good faith, and you should not have to worry…
A: Credit counselling is a process wherein credit counsellors guide individuals on financial…
Q: With credit tranching, the subordinated tranches may absorb credit losses as they occur. Select…
A: Credit Tranching:- It is a system which is generally used by the international monetary funds. under…
Q: Do you believe Credit Ratings Agencies face a moral hazard based on their Issuer-Par business model?…
A: Credit rating agencies are the institutions which rate the solvency status and debt burden capacity…
Q: It is bad money management to use credit. True or false.
A: Using credit is not necessarily a bad thing. Ensuring that the dues are paid on time is a good way…
Q: What can you do to build and maintain your credit rating? Why is this important
A: Credit score is used to assess the quality of the credit of the borrower And it is based on 4…
Q: Which type of information asymmetry explains why bad credit risks are more likely to seek bank…
A: Adverse selection, as a rule, alludes to a circumstance where dealers have data that buyers do not…
Q: Describe what is a good and a poor credit score and why.
A: A credit score is a multitude between 300 and 850 that symbolises an user's creditworthiness. The…
Q: What is credit risk? Discuss the more qualitative factors that creditors also consider in…
A: Financial Risks can be of various types such as market rate risk, credit risk, interest rate risk,…
Q: A person has a poor credit score due mainly to the amount of debt on credit cards and installment…
A: Credit score represents the credit worthiness of the customer who have the credit card. There…
Q: How does a lower credit rating affect borrowers lenders and financial institution? What are the…
A: The credit rating is a measurement of the creditworthiness of the borrower. In the capital market,…
Q: All of the following may be considered causes of the “dark side” of credit except: Group of answer…
A: Following may be considered causes of the “dark side” of credit: Operational issues that affect…
Q: world, explain whether a current account deficit might be seen as a problem?
A: A current account deficit may imply the economy is becoming uncompetitive and the conversion scale…
Q: Credit Ratings Agencies face a moral hazard based on their Issuer-Par business model. Why is this…
A: Credit Ratings have always faced the ethical dilemma of having to provide credit for the issuer and…
Q: Explain what a credit score is. What are the three MOST IMPORTANT things I can do to increase my…
A: A credit score is a measure of an individual's ability to pay back the borrowed amount. It is the…
Q: One possible cost of extending credit is called ______________.
A: Accounting: Accounting is the art of recording, classifying and summarizing in a significant…
![True or False: It's possible to improve your credit score, even if you've made mistakes in the past.
O True
O False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31414fa0-95af-4f1c-a962-b9cf9927783f%2F15f6d427-cc34-4f6f-a024-cbc083c38ac7%2Fec0lwin_processed.jpeg&w=3840&q=75)
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- What is the range of possible credit scores. Give examples of bad, average, excellent credit scores.Describe what is a good and a poor credit score and why. Cite APA FormatIf you believe that someone is careless and irresponsible at work just because he is young. In this case you are applying______. Choose correct answer a. Confidence b. Prejudice c. Experience d. Accuracy
- some are incorrect. i will appreciate if you help me fix itIndicate whether the statement is true or false, and justify your answer.Economists agree that any intervention at time t which improves the utility of people at time t is necessarily a good intervention.What are the answers? I don't have too much credit to ask my questions...