Question: Explain how a weak credit report can affect you
Explain how a weak credit report can affect you.
Answer to relevant QuestionsName the three major credit bureaus. How do they score your credit rating? Will all three major credit bureaus always produce the same credit score? List some items that appear on the credit card statement. What accounts for the difference between your previous balance and your new balance? What information will you need to supply when applying for credit? What kinds of attributes are creditors looking for? Do you need to have all these attributes to get credit? What is a cash advance? How are they commonly obtained? Discuss interest rates and grace periods with regard to cash advances. Compare the amount of interest that the Sampsons are earning on their savings and paying on their credit card debt by completing the following worksheet.
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