Game Stop Fuck You Essay

523 Words3 Pages
1. If you are borrowing money and paying interest, would you prefer an interest rate that compounds annually, quarterly, or daily? Why? (2-4 sentences. 1.0 points)Lesson 1 (3.0 points) 1. What is credit? (0.5 points) The ability to obtain goods or services before payment, based on the trust that payment will be made in the future: "unlimited credit". 2. What is a credit score? (0.5 points) What is a credit score? 3. What is installment credit? (0.5 points) a loan repaid with interest in equal periodic payments. 4. What is revolving credit? (0.5 points) The debt at the core of the financial pressure on so many middle class households in recent years has been deductible home equity loans. 5. What is noninstallment credit? (0.5 points) Non-installment credit refer to a system of credit that is payable in one lump-sum amount by a specified date. 6. Name at least one section of a credit report. (0.5 points) rap sheet Lesson 2 (3.0 points) 1. Name at least one of the steps in establishing credit. (0.5 points) getting a steady income 2. Name at least one alternate option to establishing credit if you are unable to get a credit card yet. (0.5 points) working 3. What is debt services default? (0.5 points) In finance, default occurs when a debtor has not met his or her legal obligations according to the debt contract, e.g. has not made a scheduled payment, or has violated a loan covenant (condition) of the debt contract. A default is the failure to pay back a loan. 4. What is the Better Business Bureau? (0.5 points) he Better Business Bureau (BBB), founded in 1912, is a corporation consisting of several private business franchises 5. What is a debt settlement program? (0.5 points) Debt settlement, also known as debt arbitration, debt negotiation or credit settlement, is an

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