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All purchases made with credit cards become credit obligations, in the sense that you are legally obligated to pay for the items you buy on credit. Most home buyers also require a loan to buy a house, and they are obligated to make payments on that loan. Student loans are also very common. People finance their higher education on credit, and they are obligated to make payments on those loans.
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∙ 11y ago
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What is the borrowers attitude toward his or her credit obligations called?
Conditions
What is the most common form of credit used by consumer?
Revolving unsecured credit accounts (credit cards).
What is the purpose of credit rating agency?
A credit rating agency assigns credit ratings to certain types of debt obligations and debt instruments.
What are some of the most common types of credit cards used today?
the most credit card used now is master card
What are 3 factors that can affect your credit score?
If you are employed, how much you already owe, If you pay your credit obligations on time, and your debt to asset ratio.
On average how many credit obligations do consumers have on their credit report?
16
What is the borrowers attitude toward his or her credit obligations called?
Conditions
What is the most common form of credit used by consumer?
Revolving unsecured credit accounts (credit cards).
What are the three most common credit reporting agencies?
The three most common credit reporting agencies are Experian, TransUnion, and Equifax. A person can request a copy of their credit report from these companies for free once a year.
What is the purpose of credit rating agency?
A credit rating agency assigns credit ratings to certain types of debt obligations and debt instruments.
What are some of the most common types of credit cards used today?
the most credit card used now is master card
Can you buy online with a credit card?
Yes. It is one of the most common reasons people have a credit card.
What are some of the most used common types of credit cards used today?
the most credit card used now is master card
Is it common for an insurance agent to get a credit check on the insured?
Yes, It is common. Most Insurance companies will require your credit score as part of your risk rating factor.
Does anyone use payment plan?
Most Americans do. Credit is common.
What is the most common credit score and how can I find out if mine is good?
Believe it or not, the most common credit score falls between 750 and 799. You can find yours out by going online to credit report sites. They will usually charge a fee, but its worth knowing what your score is.
What are 3 factors that can affect your credit score?
If you are employed, how much you already owe, If you pay your credit obligations on time, and your debt to asset ratio.
