Your card has a limit of $20,000. You currently have used 90% of your credit limit. To
Question:
Your card has a limit of $20,000. You currently have used 90% of your credit limit. To improve your credit score, how much should you pay down on your balance?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
Current balance 20000 090 18000 Lender...View the full answer
Answered By
Tobias sifuna
I am an individual who possesses a unique set of skills and qualities that make me well-suited for content and academic writing. I have a strong writing ability, allowing me to communicate ideas and arguments in a clear, concise, and effective manner. My writing is backed by extensive research skills, enabling me to gather information from credible sources to support my arguments. I also have critical thinking skills, which allow me to analyze information, draw informed conclusions, and present my arguments in a logical and convincing manner. Additionally, I have an eye for detail and the ability to carefully proofread my work, ensuring that it is free of errors and that all sources are properly cited. Time management skills are another key strength that allow me to meet deadlines and prioritize tasks effectively. Communication skills, including the ability to collaborate with others, including editors, peer reviewers, and subject matter experts, are also important qualities that I have. I am also adaptable, capable of writing on a variety of topics and adjusting my writing style and tone to meet the needs of different audiences and projects. Lastly, I am driven by a passion for writing, which continually drives me to improve my skills and produce high-quality work.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Personal Finance Building Your Future
ISBN: 978-0073530659
1st edition
Authors: Robert B. Walker, Kristy P. Walker
Question Posted:
Students also viewed these Business questions
-
Your card has a limit of $1,000. You plan to go on a honeymoon in one year and want to use the credit card as a back-up. You plan to request your limit be raised after three months of charging only...
-
You have no balance on your card, nor did you use it last month. Your card has a minimum finance charge fee of $5 per month and an APR of 12%. What is your new balance?
-
You had a $1,000 balance last month after your payment on your credit card. You charged one pair of shoes on the 10 th for $100. Your card has a minimum finance charge fee of $5 per month and an APR...
-
Vern Westby inherited a ticket from Anna Sjoblom, a survivor of the sinking of the Titanic, which had been pinned to the inside of her coat. He also inherited an album of postcards, some of which...
-
On July 1, 2015, Penelope gave Peter a gift of stock worth $9,000. Penelope had purchased the stock for $10,000 in 2013. On November 1, 2015, Peter sold the stock to an unrelated party for $8,500....
-
What are the four criteria for determining whether a states restriction on commercial speech is constitutional?
-
Portfolios are constructed to reduce risk for a given level of economic return. In this context, why would a company be interested in constructing an ecoefficiency portfolio?
-
Tom and Frank are brothers. Each owns investment property in the other's hometown. To make their lives easier, they decide to legally exchange the investment properties. Under the terms of the...
-
Figure out how much money the company need (RNF), if it'sa positive number, and suggest ways to get that money. may be include loans, investments, orother options. Include all the guesses or...
-
Douglas Cornfields demand function for good x is x(px, py,m) = 2m/5px. His income is $1,000, the price of x is $5, and the price of y is $20. If the price of x falls to $4, then his demand for x will...
-
If your prescription drugs cost $150 and your plan calls for a $25 copayment plus 20 percent coinsurance, how much will the prescription end up costing you and how much will the insurance company end...
-
You make $45,000 a year and have disability insurance that will kick in at 70 percent of your salary after a 90-day disability period. Collectively, how many vacation and sick days do you need to...
-
What speed should neutrons have if they are to have a wavelength of 65pm?
-
Discuss the importance of ratio analysis for interfirm and intrafirm comparisons, including circumstances responsible for its limitations. If any.
-
What is the importance of ratio analysis? Briefly discuss the importance of the following accounting ratios: (a) Liquidity ratio, (b) Debt-equity ratio, (c) Stock-turnover rate, and (d) Ratio of...
-
Distinguish between percentage analysis and ratio analysis relating to the interpretation of financial statements. What is the value of these two types of analysis?
-
We can add to our stock of ____________by means of a flow of ___________.
-
What procedure would you adopt to study the liquidity of a business firm?
-
On December 1, 2017, Cone Company issued its 10%, $2 million face value bonds for $2.3 million, plus accrued interest. Interest is payable on November 1 and May 1. On December 31, 2019, the book...
-
Find the APR in each of the following cases: NUMBER OF TIMES COMPOUNDED Semiannually Monthly Weekly Infinite EAR APR 10.4% 8.9 11.6 15.4
-
List some of the more common life insurance policy contents. Explain the benefit of the grace period. What is reinstatement? How does it work? What is the incontestability date? Explain what happens...
-
Do you think that everyone needs health and/or life insurance? Explain.
-
What is the benefit of the renewability option? What is the benefit of the conversion option?
-
Suresh Company reports the following segment (department) income results for the year. Sales: Expenses Avoidable Unavoidable Total expenses Income (loss) Department M $ 66,000 Department N $ 38,000...
-
Question : List the competitive advantages of Nordstrom: the things that make it different from competitors in positive ways. Nordstrom: A Shining Example of Service Excellence 'Use your best...
-
EZ Tees Corporation produces T-shirts. The company uses a standard costing system and has set the following standards for direct materials and direct labor (for one shirt): Fabric (1.5 yds. @ $2.80)...
Study smarter with the SolutionInn App