1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ArbitrLikvidat [17]
3 years ago
12

What types of loans could result in the seizure of your property? Why might that be particularly bad for a Millennial borrower?

Business
1 answer:
leonid [27]3 years ago
4 0

Answer:

What types of loans could result in the seizure of your property?

  • a secured loan: e.g. a mortgage can result in a foreclosure of the house, an auto loan can result in a repossession of the car, etc. Secured loans generally include mortgages (first, second or even third), mechanics liens and auto loans.
  • some unsecured loans that require a court judgment can seize your property through a Request and Order to Seize Property. Unsecured loans include credit card loans, payday loans, personal loans, student debt or any other type of loan that is not covered by collateral. Any creditor can request a court judgment to seize your property, but since the court filings cost

Why might that be particularly bad for a Millennial borrower?

  • Building a good credit is extremely important since it represents paying much lower interest rates for all your loans, e.g. mortgage, credit card, car leases, etc. Many millennial borrowers, including myself, generally made the mistake of accepting too many loans. It is normal that once you start to work banks, large retailers and other financial institutions flood you with cheap loan offers. Many people (me too) think that low rates last forever and that it is easy to pay back your loans. The truth is that most interest rates start low and then after a certain time start to rise and then things get messy. A couple of years ago I decided to dump all my credit cards because they were simply too many (more than I actually needed) and paid them back one by one as soon as I could. Now I only have one credit card which I rarely use (I use my debit card now) and an auto loan.

You might be interested in
I really could use help
vazorg [7]

Answer:

pretty sure its arbitration

Explanation:

I looked up the meanings

hope i helped <3 good luck

5 0
2 years ago
The financial reporting carrying amount of Johns-Hopper Company's only depreciable asset exceeded its tax basis by $750,000 at D
Sati [7]

Answer: Liability of $300,000

Explanation:

In the question above, what we have is a deferred tax liability, which could be explained as the amount accrued in taxes at a present time but payable in the future. The tax rate will not be based in the present tax rate. Thus is why we will not be using the 30% tax tate of 2018 in calculating the tax amount.

Tax rate = 40%

Exceeded tax basis = $750,000

0.4 × 750,000 = $300,000

Therefore, Johns-Hopper should report the deferred tax effect of this difference in its December 31, 2018, balance sheet as Liability of $300,000

7 0
2 years ago
Read 2 more answers
When does the cost of inventory become an​ expense? A. When cash is collected from the customer B. When inventory is purchased f
borishaifa [10]

Answer:

C. When inventory is delivered to a customer

Explanation:

As we know that the inventory is good that the company sold to the customers. Through these goods, the company can able to generate huge profits and gain a competitive advantage in the market

But when we talk about the inventory cost that converted into an expense is when we delivered the product to the customer. It would be represented in the company books as an expense. Until sold, it cannot be converted

5 0
3 years ago
EX 7.13. Create an interface called Visible that includes twomethods: makeVisible and makelnvisible. Both methods should takeno
lord [1]

Answer:

public class Icon implements Visible

{

       // instance variable

      //Constructor variable

      Public Icon()

      {  

         //implementation

                                      }

     //two methods will be implemented make visible and makeInvisible with the signage and return type

       //displayed below

\        public boolean<em> makeVisible</em>()

        {

                    //the implementation is registered here

      public boolean <em>makeInvisible</em>()

      {       //implemetation will be here

                                                              }

       //other methods are of this type

Explanation:

Create an interface called Visible that includes twomethods: makeVisible and makelnvisible. Both methods should takeno parameters and should return a Boolean result. Describe how aclass might implement this interface.public interface Visible{public: boolean makeVisibleO;public boolean makelnvisibleO;

The above can be executed as a javascript

public class Icon implements Visible

{

       // instance variable

      //Constructor variable

      Public Icon()

      {  

         //implementation

                                      }

     //two methods will be implemented make visible and makeInvisible with the signage and return type

       //displayed below

\        public boolean<em> makeVisible</em>()

        {

                    //the implementation is registered here

      public boolean <em>makeInvisible</em>()

      {       //implemetation will be here

                                                              }

       //other methods are of this type

5 0
2 years ago
Justice enterprises has current assets of $593 million and current liabilities of $316 million. what is their current ratio?
Inessa [10]
To solve this problem, first, we must know the formula to get the current ratio. 
                           Currents Assets
Current Ratio=  -------------------------
                           Current Liabilities

So in this problem the current assets and current liabilities are given which are the following:
   CA= $593,000,000
   CL= $316,000,000

Let's now solve  $593,000,000 / $316,000,000 = 1.88 

4 0
2 years ago
Other questions:
  • Which ethical standard is based on the notion that life in community yields a positive outcome for the individual, requiring eac
    12·1 answer
  • Adding up all of the income in an economy in a given year is one approach to calculating which of the following?
    9·2 answers
  • Annabelle owns an Italian ice shop. If she decided to expand the size of her shop so that she could sell more Italian ices, how
    8·1 answer
  • Supply chain optimization includes minimizing the total costs of manufacturing and transportation, which might consider sourcing
    11·1 answer
  • 2 reasons why it is important to learn how to use a budget
    15·1 answer
  • If the economy booms, RTF, Inc., stock is expected to return 9 percent. If the economy goes into a recessionary period, then RTF
    15·1 answer
  • Emily is deciding whether to buy the same designer jacket her friends have. The jacket is much more expensive than a similar one
    5·2 answers
  • I purchased my home for $297,000 in 2015. Today it is worth approximately $520,000. What has my compounded annual rate of return
    7·2 answers
  • Where do financial institutions get the funds that they lend to customers?
    8·1 answer
  • Which of the following would not be an expected response from a decrease in the price level and so help to explain the slope of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!