What are the four things that affect your card-based credit costs?

Q: Explain the characteristics of credit products.

A: When the banks or any financial institutes commitments or guarantees on the behalf of the customers…

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 are the five C's of credit?

A: BANKS use 5 c's to quantify and decide whether the applicant is eligible to give loan.

Q: What is easy-access credit?

A: Introduction: The ability to borrow cash or obtain goods or services with expectation of repaying it…

Q: Why is it important to set a credit limit?

A: Solution:- Given, Credit Limit :- The term credit limit refers to the maximum amount of credit a…

Q: All of the following are fees for using a credit card except

A: In the given problem we need to identify the fee which is not charged by the Credit Card Companies.

Q: There are six laws that regulate consumer credit in the United States. The one that protects credit…

A: The Equal Credit Opportunity Act is intended to provide equal opportunities to people without any…

Q: What is the net credit sales?

A: As per the information given,  Net credit sale = Closing balance of Trade and other receivables -…

Q: What is a credit memo? Why it is used? Give an example?

A: Credit Memorandum: This is a document by the seller for the reduction in the amount owed by the…

Q: What is a line of credit? Give three examples?

A: Line of credit is the borrowing limit available to a customer by the bank. The customer can borrow…

Q: how to understand the characteristics of letter of credit

A: A letter or document issued by the bank in order to give guarantee payment to the seller is referred…

Q: credit

A: Credit card can be defined as a payment card where line of credit is provided to the customers. With…

Q: What should be in the credit file

A: Following is the contains in credit file

Q: Where i can used credit union

A: Whenever a group of people collect deposits and use those deposits to give loans, it is known as…

Q: When can we used credit union?

A: Credit unions are the institutions or co-operatives that give banking services. These unions are…

Q: How the interest rate affects the release of credit card

A: Given,

Q: Discuss, in general, what it means for the brothersto set a credit and collections policy

A: Answer: Credit and collection policy refers to the laws and regulations of the company governing the…

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: ow to record credit sale in an entrie?

A: Credit sales mean the amount which is delayed to paid but agreed to pay in future by the consumer.

Q: What are the four elements of a credit policy? Briefly explain.

A: Following are the four elements of a credit policy: Credit standards: Consider potential clients by…

Q: how can using a mix of Accounts Receivable, Notes Receivable and accepting Credit Cards can benefit…

A: Answer: Accounts receivables, notes receivables and accepting credit cards are three different modes…

Q: how is credit check in advance technology is different from credit check in basic technology

A:

Q: desrcibe credit card security and why its imporant

A: Credit Card Security: A form of credit card known as a secured credit card is one that requires the…

Q: In your own definition what is credit and what is collection

A: The businesses tend to conduct their operations not only on a cash basis but also on a credit basis.…

Q: How Do We Manage our Credit Card Debt?

A: There are many ways to manage the credit card debt. Some of them are below: Pay more than the…

Q: What is meant by a line of credit?

A: Credit refers to the concept is being defined as the financial agreement where the borrowers receive…

Q: types of credit extension? which one is the biggest?

A: Different types of credit extensions are a) Personal loans-granted to individuals on the basis of…

Q: ade using a MoneyPlus credit card.

A: Journal entry: Journal entry is the book of original entry where first transactions are recorded in…

Q: The fee charged for using a credit card is called O APR O Interest O late fee O credit rating

A: Credit cards are provided by banks if customer is willing to take if he/she has an account with the…

Q: What is the objective of having a control system and what is the key points of a credit control…

A: Internal control:   Internal control can be defined as a process to ensure achievement of the…

Q: What are the 5 C’s of credit?

A: The 5 C's of credit is used by rhe lender to measure the credit worthiness of potential borrowers.

Q: Choose one as the most important Cs of Credit and explain why?

A: In order to determine the creditworthiness of the borrower, a lender conducts a thorough analysis of…

Q: What are two common methods used when accepting deposits for credit card and debit card…

A: Two common methods for deposits of proceeds from credit card sales are: Gross method Net method

Q: Describe the advantages and disadvantages of factoring receivables for your business.

A: Factoring receivable define as the arrangement through which an entity can sell or factor their…

Q: ring is/are categorized as open account credit?

A: Open account credit refers to a pre-approved loan between a lender/retailer and a borrower. This…

Q: What is a credit memo? When is it used?

A: Credit memo also known as credit memorandum or credit note  Credit memo is issued by the seller of…

Q: can you please explain the difference between Accounts Receivable, Notes Receivable and accepting…

A: Answer: The accounts receivables, notes receivables and accepting credit cards are form of the cash…

Q: ence between yo

A: Introduction : In simple words, the ability of an individual to purchase a commodity with the intent…

Q: How to entre a credit cards

A: How to entre a credit cards

Q: Describe methods of calculating Interests on Your Credit Cards?

A: A card that is generally issued by the banks that helps the person to borrow the money up to the…

Credit card

A credit card is provided by financial institutions or banks, which permits a person to borrow money on a preapproved limit for purchases on a credit basis. The credit limit is decided by the institution and bank which issues a credit card depending on the person’s credit score and income. A cardholder can use the card for credit purchases, a balance transfer, cash advances.