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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.
What else can I help you with?
What were the most common types of credit cards used in the 1980s?
In the 1980s, the most common types of credit cards used were Visa and MasterCard.
What is the most common form of credit used by consumer?
Revolving unsecured credit accounts (credit cards).
What is the borrowers attitude toward his or her credit obligations called?
Conditions
What are some of the most common types of credit cards used today?
the most credit card used now is master card
What is the purpose of credit rating agency?
A credit rating agency assigns credit ratings to certain types of debt obligations and debt instruments.
On average how many credit obligations do consumers have on their credit report?
16
What were the most common types of credit cards used in the 1980s?
In the 1980s, the most common types of credit cards used were Visa and MasterCard.
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 borrowers attitude toward his or her credit obligations called?
Conditions
How many types of LC are there?
There are several types of letters of credit (LC), with the most common being revocable and irrevocable letters of credit. Other types include confirmed letters of credit, standby letters of credit, and transferable letters of credit, each serving different purposes in international trade and finance. Additionally, there are specific types designed for particular transactions, such as export and import letters of credit. Each type offers varying levels of security and obligations for the parties involved.
What are some of the most common types of credit cards used today?
the most credit card used now is master card
What is the purpose of credit rating agency?
A credit rating agency assigns credit ratings to certain types of debt obligations and debt instruments.
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.
