Question: Explain how you can impose your own limits on credit
Explain how you can impose your own limits on credit card spending.
Answer to relevant QuestionsWhat 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? Discuss how credit cards offer incentives to use the cards. How else might credit card companies reward cardholders with excellent credit ratings? Chrissy currently has a credit card that charges 15% interest. She usually carries a balance of about $ 500. What will her total annual interest be with her current card? Assuming that you could convince Brad to maintain checking, savings, and retirement accounts, discuss the pros and cons of various types of financial institutions where Brad could maintain his a. Checking account b. ...Why are loan payments under the simple interest method usually lower than loan payments under the add- on interest method?
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