Ugba 196 - Study guides, Class notes & Summaries

UGBA 196 Question and answers already passed 2023/20241 out of every 6 - correct answer Americans receive a Social Security check each month introductory rate - correct answer no rate increase for first 12 months of opening a new card, unless intro rate has ended interest rate change - correct answer must be notified 45 days in advance defaulting on credit card - correct answer if you are more than 60 days late in paying minimum, interest goes to default rate of 28-35% for an accoun...

UGBA 196 Final- Questions with complete solution 2023/2024 credit score - correct answer - paying bills on time over time - debt to credit ratio - length of credit history - new accounts and recent applications for credit - mix of credit cards and loans wash sale - correct answer - cannot declare a loss on a security if you purchase the identical security within 30 days before or after the sale revenue - correct answer sales earnings - correct answer profits interest rates are b...

UGBA 196- Midterm Question and answers 2023/2024 verified to passFICO Score (Definition) - correct answer Mathematical Number used by lenders to determine if you're a good or bad credit risk Debt-to-Credit Ratio - correct answer Total balance of your credit cards and other loans compared to your total credit limit Add up all your debt/credit ratios What percent do you want your debt-to-credit ratio to be? - correct answer 30%-33% Highest possible FICO Score? - correct answer 850 (d...

UGBA 196 Finalcredit score - correct answer - paying bills on time over time - debt to credit ratio - length of credit history - new accounts and recent applications for credit - mix of credit cards and loans wash sale - correct answer - cannot declare a loss on a security if you purchase the identical security within 30 days before or after the sale revenue - correct answer sales earnings - correct answer profits interest rates are based on... - correct answer lowest score ma...

UGBA 196 Final Question and answers rated A+ 2023/2024What is a default rate of interest? - correct answer -accelerated rate of interest (28-35%) typically charged on your credit blance as a penalty if issuer didn't receive at least the minimum payment by the due date and time and your payment isn't honored by your banks -underpayment or missing a payment, offends bank -overdraft fees How much REIT pay in order to not be taxed on the corporate level? - correct answer -as long as it pays o...

UGBA 196- Midterm FICO Score (Definition) - correct answer Mathematical Number used by lenders to determine if you're a good or bad credit risk Debt-to-Credit Ratio - correct answer Total balance of your credit cards and other loans compared to your total credit limit Add up all your debt/credit ratios What percent do you want your debt-to-credit ratio to be? - correct answer 30%-33% Highest possible FICO Score? - correct answer 850 (delinquency rate of 1%) What's the best way...

UGBA 1961 out of every 6 - correct answer Americans receive a Social Security check each month introductory rate - correct answer no rate increase for first 12 months of opening a new card, unless intro rate has ended interest rate change - correct answer must be notified 45 days in advance defaulting on credit card - correct answer if you are more than 60 days late in paying minimum, interest goes to default rate of 28-35% for an account in good standing - correct answer interest ra...

UGBA 196 Midterm Question and answers correctly solved 2023/2024 What does your FICO score represent? - correct answer delinquency and default rate of a large number of people with similar credit history What factors determine your FICO score? (5) - correct answer on time bills, debt to credit ratio, length of credit history, new accounts/applications for credit, mix of credit cards and loans Credit Card Act - correct answer ⁃ no interest rate increase for 1 year unless introductory rat...

UGBA 196 FinalWhat is a default rate of interest? - correct answer -accelerated rate of interest (28-35%) typically charged on your credit blance as a penalty if issuer didn't receive at least the minimum payment by the due date and time and your payment isn't honored by your banks -underpayment or missing a payment, offends bank -overdraft fees How much REIT pay in order to not be taxed on the corporate level? - correct answer -as long as it pays out 90% or more of its income than it pay...

UGBA 196 1 out of every 6 - correct answer Americans receive a Social Security check each month introductory rate - correct answer no rate increase for first 12 months of opening a new card, unless intro rate has ended interest rate change - correct answer must be notified 45 days in advance defaulting on credit card - correct answer if you are more than 60 days late in paying minimum, interest goes to default rate of 28-35% for an account in good standing - correct answer interest ...