Describe the effects of the credit crisis of 2008–2009 on borrowers.
Answer to relevant QuestionsWhat steps can you take to establish a good credit rating?What are the basic features of a home equity credit line?What is the attraction of reward cards?Explain how the financial crisis of 2008–2009 affected borrowers. Does this have any implications for how you should approach borrowing decisions?1. In addition to opening checking and savings accounts, what else might Nancy do to begin establishing credit with a bank?2. Although Nancy is unlikely to be able to obtain a major bank credit card for at least a year, how ...
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