Your FICO score:


a) Does not depend on your payment history
b) Is better if you have not held credit accounts for very long
c) Depends most on the amounts you owe and your payment history
d) Depends most on new account information

Answers

Answer 1

Answer:

c) Depends most on the amounts you owe and your payment history.

Explanation:

A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.

Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.

FICO is an acronym for Fair Isaac Corporation, they create an accurate and reliable credit score of customers for use by lenders.

Basically, your FICO depends most on the amounts you owe and your payment history.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.

Hence, lenders look at the credit score of a loan applicant in order to ensure that the applicant is financially responsible and would be able to repay the loan at the agreed upon date.


Related Questions

Identify three strengths of each human service delivery system?

Answers

Answer:

hope it helps

Explanation:

The Medical Model. is the oldest of the three models. Looks at symptoms, illness and sickness.

The Public Health Model. Looks at how illness affects population. Focus is on education, prevention and nutrition.

The Human Service Model. Looks at the client and their environment

Which of the following management orientations holds that each country in a global marketplace is unique?

A. Ethnocentric orientation

B. Polycentric orientation

C. Regiocentric orientation

D. Geocentric orientation

Answers

The answer Is B! Good luck

Define local technology .

Answers

a source of internet, or WIFI that's close to you. Local= near Tech= phones, computers, etc.

as
Enrico waited ten years to file a cause of action against Frederico for a breach of contract claim. Frederico can use
his defense.
O insanity
O necessity
Statute of Limitations
O ignorance of the law

Answers

Answer:

Statue of limitations

Explanation:

1. a. What is budget?​

Answers

Answer:

It’s a Minimum price you use to buy stuff..

Explanation:

A budget is a financial plan for a defined period, often one year. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities, and cash flows.

Sorry if this wasn't what you were looking for

A business is having trouble keeping up with the compention. They cannot respond to their customers like the competition. Which type of system will likely be able to help them solve this issue?
A. Management communication system
B. Transaction processing system
C. Management information system
D. Decision support system​

Answers

Answer:

The Answer is D. Decision Support System

Explanation:

What is your favorite restaurant and why?
what is your favorite car?
can you sing?
do you love your parents?

Answers

Answer:

i dont knkw

Lamborghini

no

yes

Explanation:

Plz mark brainliest thanks

To help farmers and workers in developing nations secure trade deals is known as:

A. Real Trade
B. Domestic Trade
C. Fair Trade

Answers

fair trade should be the correct answer

What is the purpose of the Subtotal feature?

Answers

Use the SUBTOTAL function to exclude filtered or hidden rows when calculating a total. You can choose any one of the 11 functions that SUBTOTAL can calculate, such as Sum, Average, Count or Max. Hope this helps!!

Aziz is hired as a Nanny even though he doesn't have any experience with it yet. Martina is a Mental Health Counselor who works 40 hours per week. Ethan is a Healthcare Social Worker who is paid the same amount every week no matter how many hours he works. Noa is a Customer Service Representative who gets health insurance from her employer.

Answers

Answer:

its an entry level job

Explanation:

edge 2022

The selection of the type of job that each best example demonstrates is as follows:

1. Aziz is hired as a Nanny even though he doesn't have any experience with it yet is A) Entry-level.

2. Martina is a Mental Health Counselor who works 40 hours per week.  This is an example of D) a Full-time job.

3. Ethan is a Healthcare Social Worker who is paid the same amount every week no matter how many hours he works is an example of B) Salaried Job.

4. Noa is a Customer Service Representative who gets health insurance from her employer is an example of C) Job with Benefits.

What are the different types of jobs?

The different types of jobs may be classified into four, depending on the job specifications (skills and experience) required.

ThinkersBuildersImproversProducers.

Question Completion with Answer Options:

Select the type of job best demonstrated in each example.

A) Entry-level

B) Salaried Job

C) Job with Benefits

D) Full-time job

Learn more about the types of jobs at https://brainly.com/question/9258868

TETE
QUESTION 2 / 10
The opportunity cost of earning an advanced college degree is that:
A. You will earn more income during your
career,
B. Some fields require a professional
degree before you can begin working.
C. There may be a low supply of jobs in
your professional field.
D. You will earn less money during the
years that you are in college.

Answers

That answer is b hope this helps

it is 3/4 because 3 +1/4

Answers

Answer:

No, it's [tex]3\frac{1}{4}[/tex]

Explanation:

[tex]3 + \frac{1}{4} \\\\\frac{12}{4} + \frac{1}{4} \\\\\frac{13}{4} = 3\frac{1}{4}[/tex]

No, I think it’s 1 3/4 sorry if I’m wrong

Classify the customer buying motive as rational or emotional.
A person pays to join an exclusive country club.
rational
emotional

Answers

Answer:

Emotional because joining such a club wont benefit him economically, only his prestige

this is emotional because they are doing it just because it is something they want

Posted this question already and no response.

Answers

Answer: A medium of exchange

Explanation:

Jocasta owns an apartment complex that she purchased 6 years ago for $750,000. Jocasta has made $50,000 of capital improvements on the complex, and depreciation claimed on the building to date is $128,700

Answers

Answer:

$671,300

Explanation:

Calculation to determine Jocasta's adjusted basis in the building.

Adjusted basis =[$750,000-($128,700 - $50,000)]

Adjusted basis=$750,000- $78,700

Adjusted basis = $671,300

Therefore Jocasta's adjusted basis in the building will be $671,300

As of the 90’s, by up to what percentage do the wages of male and female employees in the marketing industry differ?

A. 18%

B. 36%

C. 54%

D. 72%

Answers

Answer:

54%

I hope this is correct have a good day

Jenna supervises a group of employees who are highly trained and
motivated. Based on this information, which type of management style
should Jenng employ?
A. Directing
B. Supporting
C. Delegating
D. Coaching
SUBMIT

Answers

Answer: C. Delegating

Explanation:

With a delegating management style, the manager simply assigns projects and duties to their subordinates and gives them the freedom to carry out those tasks the way they see fit.

This is best used when the employees are very skilled and motivated. Their skill will enable them to get the job done and their motivation means that they do not have to be followed up constantly to get the job done.

Answer:

DELEGATING

Explanation:

d

e

l

e

g

a

t

i

n

g

Question 2 of 10
A start-up company that makes specialty parts for customizing automobiles
has had difficulty keeping track of products during and after the
manufacturing process. The company hires Ben to manage its storage,
shipping, and receiving. What method could Ben use to solve the inventory
problem?
A. Conducting focus groups to analyze the inventory problem
B. Setting up an intranet so employees in different departments can
share data
C. Using purchase orders and invoices to gather information
D. Labeling items with bar codes to scan each time an item moves

Answers

Answer: D. Labeling items with bar codes to scan each time an item moves.

Explanation:

Barcode technology has increasingly been utilized across various sectors and fields from biology and animal science to health. In business it has shown itself to be very useful and one of those ways is by Barcode Inventory Control (BIC).

With BIC, a good is tagged with a bar code as soon as it comes into the company as a raw material and as it goes through the production process, the bar codes will be scanned to show its progress. This will allow for an efficient and relatively easy method of keeping track of inventory through the production process.

Answer:

D. Labeling items with bar codes to scan each time an item moves.

Explanation:

took the quiz

Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year
5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?

a $396,038.65
b$427,354.28
c $407,836.29
d $377,238.57

Answers

Answer:

D

Explanation:

The remaining balance on a 20-year 5/1 ARM at 3.5% interest with a 2/7 cap structure after 5 years will be $377,238.57.

Pro life tip: Do NOT finance your home with an ARM mortgage.

Good luck in your studies!

Choose the best words to complete each sentence and form a true statement.
Alice is a Chinese-American student. She needs student aid to
her college education. Due to her origins, she could get a(n)
-based scholarship. She could also apply for other kinds of scholarships for which she is
. Although Alice could get a loan, she should really try getting a scholarship because money received as a scholarship is essentially
money.

Answers

Answer:

Financial; ethnicity; eligible; free.

Explanation:

Federal student loans can be defined as a form of financial aid given to college or university students with varying financial means, so as to enable them gain access to higher education.

In the United States of America, the U.S Department of Education is saddled with the responsibility of administering the federal student loans.

In this scenario, Alice is a Chinese-American student. She needs student financial aid to her college education. Due to her origins, she could get an ethnicity-based scholarship. She could also apply for other kinds of scholarships for which she is eligible.

Although Alice could get a loan, she should really try getting a scholarship because money received as a scholarship is essentially free money.

Answer:

fund, ethnicity, eligible, free.

Explanation:

plato

A graph titled Change in U S Unemployment and Inflation from 1971 to 2001 has the year on the x-axis and percentage change on the y-axis, from 0 to 8 percent. From 1971 to 1976, both unemployment rate and inflation increased. From 1981 to 2001, both decreased.
According to the graph, 1971 to 1976 was a period of stagflation due to

rising unemployment and inflation.
falling unemployment and inflation.
rising unemployment and falling inflation.
falling unemployment and rising inflation.

Answers

Answer:

A) rising unemployment and inflation.

Explanation:

EDG2021 - i got it right

According to the graph of the given case, the main reason of occurring the stagflation between 1971 and 1976 was due to the result of increased unemployment and inflation.

What is inflation?

Inflation means the increment in the price of goods and services crossways to an economy When the general price level rises, each unit of currency buys fewer products and services; as a result, inflation matches a failure of money's buying power.

According to the graph of given case, it is understandably comprehended that from year 1971 to 1976, there is an unremitting addition in the price of goods and services, and as a result of that unemployment level also raises.

Therefore, option A is correct.

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What are 2 laws in the UK that promote good ethical practice in an organisation?

Answers

Answer:i think its uhh carrot

Explanation:

After noticing the difference between the two balances, you are concerned because you have a college loan
payment of $1225.00 that is due on Friday, and you won't be paid again until Monday. You expected to have at
least $1225.00 in your checking account to cover your loan payment, but the $1205.00 balance on your
statement suggests you don't have enough money. What should you do?

Answers

Waterford tipo es Love negativo positivo a cuadrar ya voy sin corregirlo porque pero me dices carnet

Nicole has been wanting to open her own business for many years. After much saving and a loan from the bank, she was able to open up her own store. This store features upscale jewelry, footwear, and clothing for professional women. She uses a premium pricing strategy to demonstrate the quality of her products. As time passed, she adopted other product lines including luggage and beauty products. Nicole has developed strong relationships with suppliers so that new orders come relatively quickly. Nicole distinguishes herself from the competition with the high level of service at her store. Her workers are trained to greet customers within fifteen seconds of them entering the store. She also gives her employees permission to take whatever time needed to make sure that customer needs are met. Refer to Scenario 15.1. Based upon the description, Nicole is engaging in _____________.

Answers

Answer: retailing

Explanation:

From the information given, Nicole is engaging in retailing. Retailing, is the selling of goods and services to the consumers.

In retailing, the retailer buys from the producer or whilesaler and then sells in individual units to the customers. Since Nicole has developed strong relationships with suppliers so that new orders come relatively quickly and then sells to the customers, she's a retailer.

Which type of insurance might lenders require borrowers to have when taking out an automobile loan?

Collision
Collateral
Health
Property

Answers

Answer:

The answer is A. Collision.

Explanation:

Collision coverage helps pay for the cost of repairs to your vehicle if it is hit by another vehicle. It may also help with the cost of repairs if you hit another vehicle or object.

Collision is the type of insurance which lenders might require borrowers to have when taking out an automobile loan.

What do you understand by the term “insurance”?

An agreement known as an insurance policy provides financial protection or reimbursement against losses from an insurance company to a person or an organization. In order to make payments to the insured more manageable, the company pools the risks of its clients.

Insurance plans are used to protect against the possibility of monetary losses, large and small, resulting from harm to the insured person or her property or from liability for harm or damage to a third party.

There are many various kinds of insurance plans available, and almost any person or organization may find an insurance firm that will insure them for a fee. Auto, health, homeowners, and life insurance are the most popular categories of personal insurance plans.

What is collision?

Collision insurance is a type of auto insurance that pays the insured for damage to their own car that was caused by the insured driver's negligence. To protect drivers in the event of collision damage, this kind of insurance is frequently acquired as an addition to a normal motor policy. Collision insurance, as the name suggests, compensates the insured for harm caused by a real collision. Vandalism and theft-related damage are not covered by it. Additionally, even if the other driver was at fault, it does not cover damage that is paid for by their own insurance.

For your vehicle to be protected against the financial loss that results from physical damage to your vehicle, collision coverage is crucial. Accidents can happen to anyone at any time. Every time an accident occurs, someone is to blame, and that someone may be you.

There is a collision coverage limit, which is the most your insurance will contribute to a covered claim. The real cash worth of your vehicle often serves as your collision coverage limit (its value minus depreciation).

To learn more about insurance, click here

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Select the correct answer.
Jessica completed a four-year degree program in Finance and Accounting. She hasn’t yet gained any work experience in this field. However, she’s joined a professional organization. She hopes to get an entry-level job in an audit firm. How can the professional organization help her in her quest?
A. she can get discounts in her membership dues
B. she can attend lecture sessions by experts in her field
C. she can get updates on new legislation
D. she can register her name in an online list that prospective employers view
E. she can now work as a trainee with an expert

Answers

Answer: E. she can now work as a trainee with an expert

Explanation:

Since Jessica hopes to get an entry level job in an audit firm, the professional organization will help her in her quest as she can now work as a trainee with an expert.

By joining the professional organization, she'll get the work experience that's needed when she finally get the role on the audit firm. She would have learned from a professional who's experienced and this will be vital in her getting into the workforce.

business was defined as the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. In what ways is Warby Parker satisfying the needs of its customers

Answers

Answer:

The explanation according to the given circumstance is described below throughout the explanation section.

Explanation:

Warby Parker announces a brand new approach for purchasing glasses: the opportunity to get elevated accessories shipped to the door at quite a cheap price.Individuals post five major social media framework choices to inspire clients and receive supportive input from their loved ones.A new sales moment in time structure was perhaps the most critical aspect of developing consumer engagement.

Please help!! My 9th time posting this please actually help me!

Dissatisfied customers may occasionally post harsh criticism of a product or service on a company's social media site. Social media experts say that not every comment on the Web merits a response. Concisely describe the circumstances that merit a professional response to an online post. Then describe the guidelines you should follow when composing to customers online.

Answers

As a dissatisfied customer it is your moral responsibility to inform other consumers about your experiences as to prevent any more dissatisfaction in the future. This would prompt the business to fix the problem that that customer is having

To distinguish between harassment and discrimination, it is important to remember that harassment is more

A. harmful

B. subtle

C. intentional

D. active

Answers

Answer:

it is important to remember that harassment is more harmful

i’m pretty sure it’s subtle because i would say discrimination is more harmful!

Helen is a part of a formal group made up of interdependent individuals responsible for
achieving company goals. This is known as an)

Answers

Answer:

work team

Explanation:

From the question, we are informed about Helen who was a part of a formal group made up of interdependent individuals responsible for achieving company goals. In this case , This is known as an work team.Work teams are regarded as groups of employees which put hands together in order to accomplish some tasks. They are usually efficient when different skills are needed to complete some task.

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ahmed is 4 years old than sara, 5 years ago the sum of their age was 48, write a algebric equation to represent the situation and find saras age what is bigger 1 yard or 35 inches A, B & C form a triangle where BAC = 90. AB = 6 mm and CA = 7.3 mm. Find the length of BC, giving your answer rounded to 1 DP. A leaky valve on the water meter overcharges Ahmed for one Liter of water for every 2 months. The overcharged amount w varies directly with time t . (a) Find the equation that models the variation . (b) Solve the equation to find the number of months it will take for Ahmed to be overcharged for 10 liters of water leaked. Show all your steps what is pregnancy ? in the science Based on the problem above, how would you rewrite as a binomial squared? x^2 + 8x - 3 = 0 (x + __ )^2 = __ if i can make 60 cakes in 15 minutes , how many can i make per minute what is the unit rate Tony is reflecting on the baseball game that he just attended, wishing that he had remembered his camera. He recalls the final inning when hisfavorite team was down by several runs, three batters were on base, and a mediocre hitter was at bat. After the pitch was thrown, the hitter hit ahuge home run bringing all the batters home and winning the game. Everyone was cheering and jumping up and down and hugging. If Tony hadremembered his camera, what specific moment should he have snapped a photo of if he wanted to capture the most critical point of the game?the pitcher winding up to throw the ballthe batters on base waiting for the pitch.OC. everyone jumping and hugging after winningODthat moment where the ball is about to hit the bat how was the constitution of the kingdom of Nepal 2047 more democratic than the constitution of the kingdom of Nepal 2015 write in points The pizza's crust has cheese in it. How many inches around is the crust if the diameter of the pizza is 8 inches?Pizza12.56 inches36.00 inches24.13 inches25.12 inches Hi please help thank you so much An elevator motor in a high-rise building can do 3500 kJ of work in 5 min. Find the power developed by the motor. Explain if you can plz Which arrangement of blocks has the least surface area? Find the Total surface areaA prism 11 in tall with a right triangle for a base with side lengths 6 in, 8 in, and 10 in.A) 344 in2B) 383 in2C) 312 in2D) 288 in2 A theatre has 46 rows.There are 42 seats in each row.During a show at the theatre, there are 50 empty seats.Work out how many people are watching the show. What is the distance between the two points shown? After years of hard work you finally come up with a new chemical substance thatwill revolutionize the world. What are it's properties? What do you call it? * wanna help a fellow hawt person out? I need help with this asap!!! Kieso Company borrowed $740,000 for three months. The annual interest rate on the loan was 9%. Kieso's fiscal year ends on December 31. Kieso borrowed the $740,000 one month prior to the start of its current fiscal year and paid back the $740,000 plus interest two months into its current fiscal year. How much interest expense, if any, would Kieso report at the end of its last fiscal year and at the end of its current fiscal year