Discuss the steps that you would take to avoid and/or resolve credit problems.
Answer to relevant QuestionsWhat’s the biggest source of credit card fraud? List at least five things you can do to reduce your chances of being a victim of credit card fraud.After graduating from college last fall, Jessica Stevens took a job as a consumer credit analyst at a local bank. From her work reviewing credit applications, she realizes that she should begin establishing her own credit ...Use Worksheet 6.1. Rebecca Collins is evaluating her debt safety ratio. Her monthly take-home pay is $3,320. Each month, she pays $380 for an auto loan, $120 on a personal line of credit, $60 on a department store charge ...1. Advise the Morales on how to fill out a credit application.2. Explain to them the procedure that the bank will probably follow in processing their application.3. Tell them about credit scoring and how the bank will arrive ...Describe the two methods used to calculate the finance charges on a single payment loan. As a borrower, which method would you prefer? Explain.
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