What steps can you take to establish a good credit rating?
Answer to relevant QuestionsWhat is open account credit? Name several different types of open account credit.Describe credit scoring and explain how it’s used (by lenders) in making a credit decision.What is the most common method used to compute finance charges?Robert Denby has a monthly take-home pay of $1,685; he makes payments of $410 a month on his outstanding consumer credit (excluding the mortgage on his home). How would you characterize Robert’s debt burden? What if his ...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 ...
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