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Alex777 [14]
2 years ago
14

Why is the truth lending act good for credit consumers

Business
2 answers:
Lina20 [59]2 years ago
7 0
The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans.
leonid [27]2 years ago
3 0
<h2>♨ANSWER♥</h2>

The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans

<u>☆</u><u>.</u><u>.</u><u>.</u><u>hope this helps</u><u>.</u><u>.</u><u>.</u><u>☆</u>

_♡_<em>mashi</em>_♡_

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Imagine that you have invented a new snack food product and would like to market it to college students. What are some of the ad
valentina_108 [34]

Explanation:

An advertising message to be attractive and generate the desired effect, it must reach its potential audience through communication aligned with the interests and desires of the potential audience.

Firstly, as the potential audience is students, it would be ideal to use an advertising communication channel such as social media, where there is a large presence of young people.

It is ideal that advertising involves elements of student culture to generate identification, desire and proximity to the potential audience, so a good choice would be to develop a campaign that involves the product with sports for example, the snack company could be more involved with the culture students, such as sponsoring a college football team and advertising their brand at games, or distributing free snacks at college events.

5 0
3 years ago
What is a cost of filing bankruptcy?
nikitadnepr [17]

Answer:

It appears on a consumer's credit report for up to 10 years

Explanation:

Bankruptcy is a legal means of declaring that a person or business cannot repay its debts.

The cost of filing for bankruptcy is that it damages credit and appears on a consumer's credit report for up to 10 years after it has been filed.

5 0
3 years ago
An agent who makes misleading statements that lead to the termination of an existing insurance policy so that a new policy with
SVETLANKA909090 [29]

<span>He has committed "twisting".</span>

<span>
Twisting is intentionally putting forth deceptive expressions that would make a insured to lapse, appoint, or end insurance policy with a specific end goal to switch companies or policies. It is the demonstration of initiating or endeavor to instigate a policy owner to drop a current policy and to take another policy by utilizing deceptions or fragmented correlations of the focal points of the two policies.</span>

4 0
3 years ago
Pretend you make $500 worth of purchases on your credit card, your bill arrives saying your minimum payment due is $20, and you
nadya68 [22]

<u>Explanation:</u>

One may ask: what is a credit card? In simple words, a credit card is a payment instrument (plastic card) that allows the cardholder to spend money they don't personally own in their account.

Hence, A typical credit card statement would inform me that I made a purchase worth $500, stating

  1. The Payment Due Date: For example, it may be written that I must have made the credit balance by 31/12/XX. (Note, Failure to do so would in most cases lead to accruing of interest)
  2. The Minimum payment due: In this case, the $20 signifies a minimum payment that is significant enough to be recorded till the entire $500 balance is covered. However, it is not intended that only that amount be paid each month. If it were to be it would take me 25 months or 2 years 1 month ($500/$20) to complete the balance; which is not the best option likely considering the accrued interest to be paid.
8 0
3 years ago
What is price index number?​
Semmy [17]

Answer:

Price index number can be defined as a measure of how the price of goods and services change over a specific period of time.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered.

Generally, the price a consumer (buyer) would pay for goods and services are primarily being set by the seller or service provider.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

Price index number can be defined as a measure of how the price of goods and services change over a specific period of time.

Hence, it's a statistical value (number) that is typically used for expressing the price change of goods and services as a percentage of prices in a base year.

On a related note, the consumer price index (CPI) is a measure used to analyze and examine the weighted average or aggregate of prices of a basket of goods and services paid for by consumers such as medical, food, and transportation.

8 0
3 years ago
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