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Pani-rosa [81]
3 years ago
9

Visit each of the three credit reporting agencies and find an example of a credit report. For each, describe a different portion

of the credit and how it is evaluated for credit worthiness
Business
1 answer:
Orlov [11]3 years ago
6 0

Answer:

Equifax – An Equifax report shows Inquiry Information. This portion of the credit reports indicates how many parties have requested a copy of the credit report. There are two types of inquiries. A “soft” inquiry is a company that sends me an offer for a credit card or other kind of preapproved products based on my credit. I did not apply for this product. A “hard” inquiry is what happens when I apply for a loan or credit card. Soft inquiries have no effect on credit worthiness, but hard inquires do. They stay on a report of two years, and so people should not shop around for credit cards or loans as this can affect credit worthiness.

Experian – On Experian, there is a section for Public Records. These are financial transactions where some type of legal action has taken place. This might include a bankruptcy, tax lien or wage garnishments. These types of records on a credit report would hinder a person’s credit worthiness. They stay on the credit report for seven years.

TransUnion – TransUnion lists all accounts and specifies information on each account that includes the type of lender (KOB or Kind of Business), the dollar amount the person has been delinquent in the past, the amount past due today, and the payment pattern over the past 12 or 24 months. Each of these pieces of information indicates a person’s credit worthiness. For example, KOB of a mortgage is a high-quality kind of loan, while a KOB for a finance company is a lower-quality kind of loan, which may hinder a person’s credit worthiness.

Explanation:

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Answer:

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Explanation:

3 0
2 years ago
Read 2 more answers
Preparing to pay for higher education can start in 9th<br> grade or earlier by...
Anton [14]

Answer:

Applying for grants

Explanation:

8 0
3 years ago
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bogdanovich [222]

Answer: c. the degree that businesses rely on each other for information and decision making.

Explanation:

Information Technology has enabled firms of all sizes and types to be able to access information that they need for themselves instead of having to rely on third-party providers that would provide data to them at a high cost.

This has enabled these businesses to rely less on other companies for decision making as well as become more efficient at it because they are able to use varied sources of information not just what they would have acquired from other companies.

6 0
3 years ago
Which of these resources do
xeze [42]

Answer:

B. Capital

Explanation:

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4 0
3 years ago
The only variable input a janitorial service firm uses to clean offices is workers who are paid a​ wage, w, of ​$88 an hour. Eac
slamgirl [31]

Answer:

Answer : Average Marginal Cost, Marginal Cost = $2

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Explanation:

The janitorial firm only uses labour as an input to clean offices and there are no fixed costs. This implies that the total cost is only the variable cost.

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The total cost per hour of the janitorial service firm is $8x4 = $32 (wxq)

Now to clean one more office, the time required will be 15minuites, because each worker can clean 4 offices in an hour. To clean one more office , each worker will be paid $2($8/4)

The variable cost/total cost, average variable cost and the marginal cost of cleaning one more office will be

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Average Variable Cost = VC/q = 2q/q = $2

sine the marginal cost also varies directly as the average marginal cost , the Marginal Cost is $2

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