Based on the current debt hanging on Lily's account, her credit score will be greatly reduced, and she collects more debts, hence this makes it difficult to pay off her debt.
<h3>What is meant by the term Credit score?</h3>
The term credit score can be defined as a factor usually within the range of
300 to 850 that is used to tell or pass an idea of how a person is creditworthy, in other words, how faithful a person is when they are servicing their loan term.
It should be noted that a poor credit score will limit the size of loan that a person will be able to get and the reverse is the case for a good credit score.
Learn more about credit scores here:
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What Is a Credit Score? A credit score is a number from 300 to 850 that depicts a consumer's creditworthiness. The higher the score, the better a borrower looks to potential lenders. A credit score is based on credit history: number of open accounts, total levels of debt, repayment history, and other factors.
Answer:
Federal judges are judges who serve in a federal court. The term refers both to the Article III federal judges and to Article I federal judges, who serve as magistrate and bankruptcy judges, and in other Article III tribunals.
Federal judges are nominated by the president of the United States and confirmed by the Senate. The various steps to the process is given below:
- The president nominates an candidate for a judicial seat.
- The candidate fills out a questionnaire which is reviewed by the Senate Judiciary Committee.
- The <em>Senate Judiciary Committee </em>holds a hearing with the candidate, interviewing he or her about things like their judicial philosophy, past rulings or opinions, and ideas about certain areas of Law;
- As part of this process, the committee sends a blue slip to senators from the home state in which the judicial election was received, allowing them to indicate whether or not they approve of the candidate
4. After the hearing, the Senate Judiciary Committee will vote to approve or return the candidate;
- If approved, the candidate is voted on by the full Senate.
- If the Committee votes to return the candidate to the president, the president has the opportunity to re-nominate the individual.
5. The Senate holds a vote on the candidate.
- If the Senate confirms the nomination, the nominee receives a commission to serve a lifelong position as a Federal Judge.
- If the Senate does not confirm the nomination, that candidate does not become a judge.
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