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Goshia [24]
3 years ago
5

Old Doc White advised you to do your homework before applying for a consumer loan. Which of the following is his main piece of a

dvice on preparing to get a consumer​ loan?
A. Build a monthly budget that includes the loan​ payment, but​ there's no need to include any of the associated costs​ (insurance, maintenance,​ etc.) in your budget because they are too hard to estimate.
B. Take the shortest loan term​ (number of​ years) possible so that you are out of debt faster
C. Check your credit history at least​ 3-6 months before applying for the loan.
D. Apply for a loan at 3 separate banks to ensure that you will have enough money to make the purchase​ (The Babe Ruth​ Rule).
Business
1 answer:
Harman [31]3 years ago
7 0

Answer:

C) Check your credit history at least​ 3-6 months before applying for the loan.

Explanation:

Financial advisors will always tell us that we need to have at least 700 points in our credit score. That way when we apply for a loan we will get lower interest rates and longer terms.

If your are planning to buy a house or a car and you know you will need a big loan, you should review your credit score a few months before applying for the loan since there is a simple way you can increase your credit score. The simplest way to increase your credit score is to apply for several credit cards within a 3 to 4 month period. It doesn't matter if the credit card applications are accepted or not, your credit score will increase because number of inquiries on your credit history increased.

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Sally, Greg, John, and Amar are working on a project for a customer that is aimed at cutting the client's electrical costs. The
vodomira [7]

Answer: Virtual organization

Explanation:

Virtual organization is a firm of organization whereby the members or the employees are geographically apart and not at the same place and therefore communicates by using their e-mails, phones, collaborative computing, or any other means of communication.

The virtual organization is what is being used by Sally, Greg, John, and Amar in the question above.

7 0
3 years ago
susan took out a life insurance policy on herself, paying all of the premium payments. she named her daughter, jessica, as the b
Dima020 [189]

She named her daughter, Jessica, as the beneficiary under the policy. Jessica has not given anything in consideration for the policy. Jessica is a donee beneficiary who has the right to enforce the policy once Susan dies.

A beneficiary is a character or entity which you legally designate to acquire the blessings out of your financial merchandise. For live coverage, this is the loss of life benefit your policy will pay in case you die. For retirement or investment bills, that is the balance of your belongings in the money owed.

Some may select a surviving partner as a named beneficiary while others might also call a child or a discern. One great purpose people buy life coverage is for peace of mind in relation to their own family, knowing that life insurance safety is in place in the event of your demise.

Learn more about beneficiary here  brainly.com/question/1268166

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7 0
1 year ago
What happens to price when the cost of resources rise and falls
JulijaS [17]
In any business, when the cost of resources rise, the price of buying the commodity will also be high, this is because when it cost you much to produce a commodity, you will end up charging a higher price when selling it. Failure to do so may lead to making loses. The opposite is also true, when the cost of resources fall, the pricing will also be less.
6 0
3 years ago
For each of the scenarios, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willin
elena-14-01-66 [18.8K]

Answer:

Producer surplus.

Explanation:

Producer surplus is the difference between the price of a product they're willing to sell and the price they're gonna actually received. In this case she is willing to spend $30 + $10 coupon and she buys $35 pair of jeans.

So, she's only paying $30, that means seller is receiving $5 less.

Therefore, producer surplus is $5.

8 0
3 years ago
A print ad usually includes which two things?
barxatty [35]

Answer:

A. Images and text

Explanation:

7 0
3 years ago
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