All categories

2 years ago

Which of the following is true of a person with a high credit score?

2 answers:

dsp732 years ago

5 0

Your credit score is used as indicator of your creditworthiness. This means how likely you are to pay off debts and other financial obligations. A person with a high credit score should have a high credit worthiness, or likelihood to be responsible with credit.

A person who pays bills on time has demonstrated that she takes her financial obligations seriously, and this trait positively affects her credit score. The answer is A.

B and C would most likely be associated with a person with a low credit score, since they demonstrate lower creditworthiness.

Tomtit [17]2 years ago

3 0

It is true that a person with a high credit score is t<u>he person who is more likely to pay bills on time. </u>

What is a High Credit Score

Based from the credit bureaus, scores over 650 is considered a “good” credit score. This scores is calculated using a scoring models provided by certain companies specializing in data analytics. Some lenders also have their own models. The range of this scoring models are from 300 to 850.

Moreover, the highest possible credit score for certain companies is 850.

On the other side, for some company, the scores below 670 are considered in the fair and poor range. While for some score below 700 are considered in the fair and poor range.

What do Credit Scores Implicate?

Credit scores are the three-digit numbers that tells how the scoring model break down a person’s credit scores. This number is calculated using the information of a person in their credit report at a credit bureau. Each bureau has its own system of filing and scoring. The file is the set of information that tells how a person used a credit or not.

This score and equivalent of this score tells the lenders and credit card issuers how good or bad a person pay off their loan or credit card. This score provides the risk data to a lender whether they will approved a loan from a certain person.

Learn more about

Credit card brainly.com/question/7099651
Loan brainly.com/question/7508563

Keywords: credit score, credit, loan

You might be interested in

Mark expects the value of currency X to appreciate in the near future. Hence, he delays the collection of payments from foreign

katrin2010 [14]

Answer:

Lag startegy

Explanation:

Mark is using Lag Strategy to minimize the foreign exchange exposure.

Lag Strategy refers to a situation of adding capacity only after the company is running at full capacity or beyond caused by an increase in demand. This strategy is conservative strategy. It reduces the risk of waste but then it could bring about a loss of possible customers.

5 0

3 years ago

Real estate licensee kimmy is involved in a dispute with another licensee, titus. kimmy prefers to use ______ to resolve the iss

Bezzdna [24]

Real estate licensee kimmy is involved in a dispute with another licensee, titus. kimmy prefers to use Mediation to resolve the issue, because she wants to preserve her working relationship with titus.

Mediation

An unbiased third person helps opposing parties resolve dispute via the use of specialized communication and negotiation strategies in mediation, which is a structured, interactive process. We urge active participation from each and every mediator participant. In that it is primarily concerned with the needs, rights, and interests of the parties, mediation is a "party-centered" process. To steer the discussion in a positive direction and assist the parties in arriving at their best resolution, the mediator employs a wide range of strategies. A mediator manages the interactions between parties and encourages honest dialogue, which is an example of facilitation. In addition, the mediator evaluates the concerns and pertinent standards ("reality-testing") without giving the parties any prescriptive advice.

To learn more about Mediation

brainly.com/question/25850228

#SPJ4

4 0

2 years ago

According to the quantity theory:

lana [24]

Answer:

B) Inflation is everywhere and always a monetary phenomenon.

Explanation:

Henry Thornton developed this theory in 1802. According to the Quantity Theory, In an economy, there is a direct relationship between the quantity of money in the economy and the prices of goods and services. The price levels are directly related to the amount of money in circulation, which is the cause of inflation. Hence the consumer has to pay more for the same amount of commodity.

6 0

3 years ago

Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare mineral. Material and processing costs total $6

JulsSmile [24]

Answer:

$26,800

Explanation:

Sales revenue after further processing:

= Units produced from each ton of clypton × Selling price per unit

= 7,300 × $15

= $109,500

Sales revenue at split off point:

= Units produced from each ton of clypton × Selling price per unit

= 7,300 × $10

= $73,000

Incremental revenue:

= Sales revenue after further processing - Sales revenue at split off point

= $109,500 - $73,000

= $36,500

Incremental profit = Incremental revenue - Incremental cost

= $36,500 - $9,700

= $26,800

Therefore, financial advantage (disadvantage) of further processing product X15 is $26,800.

3 0

3 years ago

Assume that the market for corn is perfectly competitive. Currently, firms growing corn are generating losses. In the long run,

igomit [66]

Assume that the market for corn is perfectly competitive. Currently, firms growing corn are generating losses. In the long run, we can expect "some firms to exit causing the market price of corn to rise.".

<h3>What is perfectly competitive market?</h3>

According to economic theory, perfect competition exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices.

There are five characteristics that have to exist in order for a market to be considered perfectly competitive. The characteristics are -

homogenous items,
no entry or exit obstacles,
price taker sellers,
transparent products, and
no seller has any control over market prices.

The three key components of perfect competition are as follows:

There are a lot of buyers and sellers in the market.
These buyers and sellers are in competition with one another.
The good being offered or purchased is uniform.
Companies are free to enter or leave the market.

To know more about; Why is perfect competition the best form of market structure?, here

brainly.com/question/4190313

#SPJ4

5 0

2 years ago