Fp/101 Week 4 Dqs

FP/101 Week 4 DQs DQ 1 Go to . hypertext raptus protocol://www.bankrate.com/calculators/managing-debt/ tokenish- requital-calculator.aspx o Type in $5,000 for What is your impute circuit board remnant? o Type in $150 for What frozen stomachment could you make each month? Do you think it is book out to pay l unity both(prenominal)(prenominal) the minimum defrayment or pay the higher monthly amount? inform why. I entrust it is better to pay $150 a month because you bequeath be able to pay it hit in 47 months versus 273 months. You will also pay more interest if you only pay the minimum payments. DQ 2 retrospect How to Establish, Use, and Protect Your Credit fixed under your Week iv Electronic Reserve Readings. What is one way to establish your creed and one way to hold dear your quote? What atomic number 18 some things you digest do to stipulate poor credit? Begin by opening man-to-man savings and checking accounts in your name. Ov er time, your deposits, withdrawals, and transfers will demonstrate that you install handle money responsibly. Applying for a bestow is another option, to that degree be aware that this method of establishing a credit write up will cost, since loanwords require the payment of interest. You could also ask a friend or relative who has good credit to validate a loan, which means that he or she shares liability for the loan with you.

Some things you can do to improve poor credit are: 1. Do not use more than 50% of your credit limit. 2. Do not open any bleak accounts. 3. Pay bills on time. 4. Find errors in your credit reveal and get them rectified. 5. Do not just pay the m inimum balance on bills; pay them off in ful! l. DQ 3 What are some advantages and disadvantages of using credit cards? arrive at you of all time had a credit card? If so, please share some of your experiences with them? Advantages Credit cards eliminate the subscribe to to carry magnanimous sums of cash If you are away from sign without cash, you often can receive a cash asseverate or bring on the option of buying travelers checks with a credit card. Places that are umbrageous of...If you want to get a full essay, order it on our website: OrderEssay.net

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