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iris [78.8K]
3 years ago
10

Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear?

Business
1 answer:
Bas_tet [7]3 years ago
3 0

Answer:

Lenders don't like risk because it can lose them money, so they're cautious on who they're lending to. They do this by checking people's credit history. They prefer people who have longer credit history even with a few blemishes that are corrected rather than lending to people who have a short clear history mainly because they have little to no experience and can be unpredictable what they may do.

Explanation:

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I am considering buying a new sports car like a ford mustang. another sports car that would not likely compete head-to-head like
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3 years ago
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At its height, what percentage of american workers were employed in an automotive-related industry?
USPshnik [31]
The percentage of American workers that were classified as employed in the industry that is automotive-related is only 20%. There were only 2 out 10 Americans who are working on this job. Automotive jobs cover auto dealerships, and manufacturing plants.
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3 years ago
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The blurring of lines between the state and a special interest group in which a close alliance develops is called
jeka57 [31]

Answer:

a. co-optation

Explanation:

Co-optation means the things could be taken out or are considered for the new or the different motive

Since the lines are burried and lies between the state and the special interest group in which the close alliance are created so this is we called as the co-optation

Therefore the same should be considered

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3 years ago
Marco has been appointed team leader of a committee that will develop a new process for submitting expense claims. he wants to e
timurjin [86]
<span>In the question, the options are missing. So, here are the options;
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From the given options, the correct option is, "</span>B) Develop systematic procedures for the team to follow".

if we look at the other options, we see that having team members that are similar in background can lead to group think, similarly demanding quick decisions and having a strong leader who favors specific outcomes can also lead to group think. thus, B is the best choice among the given options. I hope this helps!
5 0
3 years ago
TLC Credit, Inc. has $35.0 million in consumer loans with an average interest rate of 12.0%. The bank also has $30.0 million in
MissTica

Answer:

$460,000 decrease

Explanation:

The computation of TLC's estimated change in revenues next year is shown below:-

TLC's estimated change in revenues next year = ((Consumer loan × Interest rate) + (Home equity loan × Interest rate) + (Corporate securities × Interest rate)) - ((Increased consumer loan × Decrease rate) + (Increase equity loan × Interest rate) + (Corporate securities × (1 - decreased percentage) × average interest rate))

= (($35.0 million × 0.12) + ($30.0 million × 0.O8) + ($5.0 million × 0.06)) - (($40.0 million × 0.10) +($32.0 million × 0.065) + (5 million × (1 - 20%)  × 0.09))

=$6,900,000 - $6,440,000

= $460,000 decrease

Therefore for computing the TLC's estimated change in revenues next year we simply applied the above formula.

6 0
3 years ago
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