Question

Imagine your credit score is 760. Why do you think you have such a good credit...

Imagine your credit score is 760.

Why do you think you have such a good credit score and what will you do in the future to keep it like this?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A credit score is the score given to an individual by the credit rating agencies. It indicates the credit worthiness of a person i.e. whether the person will be able to repay the loan on time or not.

A credit score between the range of 740 to 799 is considered to be very good. 760 lies in this range so it is a very good credit score. The reason for such credit score is that I have been paying my bills on time and using minimum credit facilities. This way I have ensured that maintain a good credit score. It will be useful to me in the long run if I require another loan. So, in future also I will pay my bills and loans on time and loans also try to use minimum credit facility allocated to me.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. Why do you think the democracy of Ghana continues to permit local towns/regions to have...
1. Why do you think the democracy of Ghana continues to permit local towns/regions to have tribal chiefs, kings, and the like? Do you think this tradition will continue on into the future?
Why do you think credit policy is important?
Why do you think credit policy is important?
Do you think the President’s trade policies will be good for the U.S.? Why? Why not?
Do you think the President’s trade policies will be good for the U.S.? Why? Why not?
What are your experiences with managers? Have you had good or bad managers? Why were they...
What are your experiences with managers? Have you had good or bad managers? Why were they good or bad? What do you think the manager's role was in the organization you worked at
Consider John Allen Lee's styles of love. Which one do you think you are? What do...
Consider John Allen Lee's styles of love. Which one do you think you are? What do you think your partner should be to give that budding relationship a good chance? And when that relationship really gets going, and you've got your first fight, how are you going to establish a solid foundation for effective communication? What are the warning signs that this relationship is about to fail? How do you stop it? I recommend that you use a single example...
2. Do you think McTaggart was good choice as a licensee? Why?n
2. Do you think McTaggart was good choice as a licensee? Why?n
Part 1: Imagine that tuition for your schooling has increased by 20%. How do you think...
Part 1: Imagine that tuition for your schooling has increased by 20%. How do you think this will affect demand and consumer behavior? Why? How would you describe the elasticity of your tuition? Explain. Part 2: Imagine that there are currently 10,000 students enrolled at your institution. The school decides to increase tuition, and enrollment falls to 9,000. Tuition started at $4,000 per semester but has since gone up to $4,800. What is the elasticity of demand? Part 3: How...
What is a credit score? When and why is a credit score important?
What is a credit score? When and why is a credit score important?
Why do you think you might be a good team member on a software development team...
Why do you think you might be a good team member on a software development team someday?
Do you think you have what it takes to be an entrepreneur as a student? Why,...
Do you think you have what it takes to be an entrepreneur as a student? Why, why not? Politicians always talk about the importance of supporting small businesses. Why do you think they do that? What do you think of Sir Ken Robinson's TED talk?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT