Question: After graduating from college last fall, Nicole butler took a job as a consumer credit analyst at a local bank. From her work reviewing credit

After graduating from college last fall, Nicole butler 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 history. Describe for Nicole several steps that she could take to begin building a strong credit record. Does the fact that she took out a student loan for her college education help or hurt her credit record?

Step by Step Solution

★★★★★

3.42 Rating (184 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Here are some things you can do to build a strong credit history Use credit only when yo... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1248-B-C-F-R-A-M(1465).docx

120 KBs Word File

Students Have Also Explored These Related Corporate Finance Questions!

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...

After graduating from college, your friends and you start an Internet auction service called TriangCom. Business has been fantastic, with 10 million customer visitsor hitsto the site in the past...

After graduating from college, you and your friends start selling birdhouses made from recycled plastic. The idea has caught on, as shown by the following sales gures: MONTH DEMAND March..............

6. True False You use a check rather than a credit card to obtain funds from an unsecured personal line of credit. Financial Planning Exercises 1. Establish a credit history. After graduating from...

After graduating from college last fall, Nicole Butler took a job as a consumer credit analyst at a local bank. From her work reviewing credit applications, she realizes that she should begin...

I need help please with these lessons they are over due and I'm stuck. GBS132 Personal and Family Financial Security Lesson 4: Exercise 1. Suppose that someone stole your ATM card and withdrew $850...

After graduating from college last fall, Elsa Crawford took a job as a consumer credit analyst at a local bank. From her work reviewing credit applications, she realizes that she should begin...

1.After graduating from college last fall, Elsa Crawford took a job as a consumer credit analyst at a local bank. From her work reviewing credit applications, she realizes that she should begin...

Part I: Establishing credit history After graduating from college last fall, Jennifer Grant took a job as a consumer credit analyst at a local bank. From her work reviewing credit applications, she...

After graduating from college last fall, Heather Bailey took a job as a consumer credit analyst at a local bank. From her work reviewing credit applications, she realizes that she should begin...

Rom Cicero's explanations, suggestions and worries about his daughter's third marriage and his own fortunes, I have tried to piece together a picture of the extent and function of a wife's...

without getting too into it, i need to access a private variable to use that number in a calculation. i have a function to return it, my question becomes if I call 1 2 3 4 5 int PVreturn() { return...

What is the file extension that is loaded in a microcontroller for executing any instruction? Select one: a . . c b . . hex c . . txt d . . doc

L01. The sources of foreign-exchange demand and supply.

When Pablo Gonzalez died unmarried in 2018, he left an estate valued at $7,850,000. His trust directed distribution as follows: $20,000 to local hospital, $160,000 to his alma mater, and the...

Nathan Cooper, a man of many talents and deep foresight, has built a large fleet of oceangoing oil tankers, now a wealthy man in his 60s, he resides in San Francisco, with his second wife, Audrey,...

Chloe Parker has accumulated substantial wealth and plans to gift some of her wealth to her son, Jack. She is considering two assets: a beach house, which cost $300,000 twenty years ago and now has a...

Future Value of an Annuity What is the future value of a $1,000 annuity payment over 4 years if the interest rates are 8 percent? Current Yield What's the current yield of a 5.75 percent coupon...

For a sample of 20 New England cities, a sociologist studies the crime rate in each city (crimes per 100,000 residents) as a function of its poverty rate (in %) and its median income (in $1,000s). A...

Mutual Fund Personal Asset Allocation for your employer sponsored 401(k) | On the first day of your job, your employer has discussed with you the many benefits offered by the employer to you as an...