Focus on Personal Finance (6th Edition)
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Credit scores show the creditworthiness of an ... more
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Consumer credit is the amount borrowed for a short... more
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Consumer credit has been an important part of ... more
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A few valid reasons to borrow money include:... more
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It is better to borrow money when needed, one ... more
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An individual will obtain a low interest-bearing ... more
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The types consumer credit are:Closed-end ... more
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The debit card consumes the balance in the saving ... more
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A credit report refers to the credit history of a ... more
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Credit score can be improved by paying the dues ... more
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The credit can be determined by using the Debt ... more
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Following are the non-financial measures:... more
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A credit bureau refers to the agency that collects... more
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The following steps can be taken in case of denied... more
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The finance charge and annual percentage rate help... more
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The two important concepts that have to be ... more
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The tradeoffs to be considered are following:Term ... more
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Creditors are the persons to whom an entity or ... more
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In the circumstance of a data breach, it is a wise... more
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The precautions to be considered are following: ... more
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The pros are as follows: Minimizes the chances of ... more
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Steps to be taken are as follows: Inform the ... more
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The following steps should be taken: Notifying the... more
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The credit information can be protected in various... more
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Some of the warning signs are as follows:Utilizing... more
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As per Chapter 7 of bankruptcy, the individual ... more
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An individual must clear all the dues timely.No, ... more
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$70,000 ; Calculate the gross amount that can be ... more
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The debt payments to income ratio is 27.21%.... more
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Debt to equity ratio of Individual R is 0.36. It ... more
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31.85%17.8% ; Deduct the tax of $145 from the ... more
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$55 ; Finance charge an additional amount paid by ... more
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11% ; The annual percentage rate is the yearly ... more
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20.31% ; The annual percentage rate (APR) helps ... more
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Cash advance fee: $4Interest for one month: $... more
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No, the postponement decision is not a good trade ... more
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Interest cost: $99Total amount paid: $1,599 ; ... more
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Interest cost is $3,520.Total cost is $13,520.... more
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The following should be considered before the ... more
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Closed-end consumer credit can be utilized to pay ... more
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As the application for loan is denied, the ... more
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It is essential to avoid the trap as the minimum ... more
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The information provided to the credit card ... more
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Factors to be considered while contemplating to ... more
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Annual percentage rate (APR) as it is the rate ... more
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The finance charge is the addition of all the ... more
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$8,000 ; Annual percentage rate is the yearly ... more
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Individual S should borrow loan from bank A as ... more
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Certain steps that can be taken with respect to ... more
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Individual J should communicate with the credit ... more
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14.9% ; Divide the total monthly payment of $325 ... more
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Individual J must communicate with the company ... more
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The credit union is the most recommendable option ... more
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Some of the spending habits that lead to the ... more
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Daily spending diary may enable the identification... more
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The credit taken by the individuals is used for ... more
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The following are the pros and cons of using a ... more
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The loans from various lenders can be compared ... more