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:Most common in the southern states, Firearms are the weapons most often ...
Explanation:The National Crime Victimization ... 18,0000 law enforcement agencies provide crime information to the program,
Answer:
Option d. All of the above must be evidenced by a record for the agent to have authority
Explanation:
A power of attorney is a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter. The person authorizing is the principal while the person authorized to act is the agent or the attorney-in-fact. An agency relationship is a relationship where the principal allows an agent to act on his or her behalf.
Since all of the above are agency contracts, they must be evidenced by a record to be valid. There must be a legally binding document between the principal and the agent for the relationship to be valid.
