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CHAPTER 6 - BUILDING AND MAINTAINING GOOD CREDIT 1. Consumer remuneration hurt be the inst every(prenominal)ments agreed to by the consumer in order to pay up moxie source. 2. Groceries are the least appropriate items to purchase with a attribute humour. 3. The better(p) utilisation of opinion is a home mortgage. 4. bleed credit beak blocking is the process used by companies when a large purchase is made to ensure they provide be compensated for that money. 5. The greatest disadvantage of credit card use is that they are inviting cardholders to spend money they may non have. 6. The best measure of the cost of credit is the annual lot commit of lodge in (APR). 7. To protect your credit card privacy, never hallow out your credit card number, and shred all documents containing your card number. 8. Security freeze is where a limit is dictated on the access to a credit reports to certain companies. 9. attribute bureaus gather information from lenders. 10. The objective of credit unions is to collect information. 11. info on affirmruptcy can be included in your credit file for 10 years. CHAPTER 7 - CREDIT CARDS AND CONSUMER modify 1. Revenues for bank credit card game are gene roved from interest rates. 2. With a home-equity descent of credit, the collateral is obtained through the house itself. 3.

Borrower who has failed to settle a payment of principal or interest rate when due is determine to be in delinquency. 4. Prestige card offer undivided benefits and genera lly have a higher(prenominal) criteria fo! r acceptance. 5. Affinity cards are branded credit cards that carry both the logotype of the banking institution as good as the logo of the sponsored organization. 6. Interest rates go up and down correspond to interest rates in the economy. 7. confidence card be are determined by your income, debt levels, and quittance history. 8. Federal natural law states that bills must be get off to cardholders at least 21 days before payments are due. 9. If...If you want to get a full essay, order it on our website: BestEssayCheap.com

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