Discuss "credit history" and how its used by lenders?
Answer: Credit history is the borrower's history of how responsible they were with their credit. It's used by lenders so they can check to see how reliable this person is, and if it's worth lending to them if they will get their money back or not.
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Intro To Business
- What is the purpose of the Federal Reserve? What are its goals?
- What is the Federal Reserve?
- What is the entry-level salary for an economist with a bachelor's degree? With a master's degree?
- What is the current job outlook for economists?
- What educational background and training is needed for these jobs?
- What kinds of jobs do government economists perform? What about those who work in private industry? In education?
- What issues interest economists?
- SWOT definition; How can it affect a company?
- Describe the steps in the managerial decision making process.
- What are the two component parts of TQM?
- Describe a Democratic Leader.
- What's the difference between a Mission Statement and a Strategic Plan?
- What responsibilities do consumers have in business relationships and what is the most important?
- Describe how the consumer movement came about.
- Discuss how you should evaluate "where to put your savings".
- Discuss 3 of the types of financial services that are offered by financial institutions.
- Discuss a budget? Main purposes of a budget?
- Discuss the advantages of using credit and the problems that can occur if credit is not used properly?