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Q: How can it be that consumer debt is rising while credit card debt is falling?
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How good is the credit score of 670?

A 670 credit score is reasonably good. The widest-adopted credit score ranking, FICO, classifies 670 as 'Preferred'. Falling below 660 will drop the score's grade to 'Standard', while rising to 700 or higher improves the score to 'Prime'.


What is USA's credit rating?

USA's credit rating according to S&P (August 5th, 2012) is AA+. For a while the US had an AAA rating, but it has dropped due to rising debts. This isn't as bad as some European countries' though.


What is a disadvantage of credit cards but not of all consumer credit?

Credit cards may give an inflated sense of purchasing power and may encourage overspending. Since credit cards allow a consumer to purchase items without exchanging currency directly, it delays the "consequences" of purchasing too many things. A personal line of credit or personal loan, meanwhile, allows a consumer to borrow physical money which helps the borrower keep track of money spent and take away the delay. A credit card may be accepted for a transaction that brings you over your limit, while a loan doesn't allow you to overspend- once it's gone, you can't buy any more items or services...


What is a website that offers a credit report and a credit score?

While there are many websites offering "free credit scores," credit repair, credit reports, and so forth, most governments are right in warning citizens to be leery. One must always read the fine print and preferably check on a given site's reputation before submitting any personal information. One site that is genuinely free to use and offers credit reports, scores, and a multitude of helpful consumer finance tools is Credit Karma.


What are the risks of a business that accepts payments by credit card?

While there are risks, the benefits certainly outweigh them: - fraudulant/stolen credit card number: The business will not be paid or the amount will be taken from the next statement - cardholder disputes. A cardholdercan dispute any charge on the credit card. A business has a set time to counter the dispute, if the business fails to counter or, in the eyes of the credit card company, fails to prove their argument, the consumer is refunded the purchase price.

Related questions

Statement of rising and falling intonation?

A rising intonation at the end of a statement indicates uncertainty or a question, while a falling intonation suggests a statement or a completion of thought.


When do you use rising and falling intonation for statement?

Rising intonation is used for questions or when seeking confirmation, while falling intonation is used for statements or declarations. Rising intonation at the end of a statement can signal uncertainty or a request for feedback, while falling intonation indicates finality or confidence in the statement being made.


Is a cadence like a punctuation in a sentence?

No, it is the rising and falling of a voice while speaking.


What is the meaning of rising and intonation?

Falling intonation is a sentence that is answerable by a sentence or statement,while,rising intonation is answerable by yes and no.


Does falling action come after rising action?

Yes, falling action occurs after the rising action in a typical plot structure. Rising action builds tension and develops the story, leading to the climax, while falling action follows the climax and shows the aftermath of the main conflict being resolved.


How good is the credit score of 670?

A 670 credit score is reasonably good. The widest-adopted credit score ranking, FICO, classifies 670 as 'Preferred'. Falling below 660 will drop the score's grade to 'Standard', while rising to 700 or higher improves the score to 'Prime'.


What symbol used to falling and rising intonation?

The symbol used for falling intonation is a downward arrow, while the symbol used for rising intonation is an upward arrow. These symbols are commonly found in linguistic transcriptions to indicate the pitch pattern of a spoken utterance.


What is different between credit meno and debit memo?

The primary difference between credit and debit memo is where it originates. Credit memo is raised by a supplier to a consumer when goods are returned, while debit memo is raised by a consumer towards the supplier.


How is it possible a consumer might not have a credit history?

If they have never taken out a loan, credit card, or anything else, there is no credit history. You should start building credit while in college - small credit cards and student loans are good ways.


Can a consumer credit counselor assist with past due accounts and creditors?

While consumer credit counselors do give sound financial advice they are not a cure-all for financial hardship. They won't help you earn any more money, and they certainly won't pay your bills.


What is the song Falling for you while you're falling for Me called I think is has a fast beat and is sung by a girl Please help Thanks in advance?

um... does it go "falling for you while you're falling for me. Falling together"?


What is USA's credit rating?

USA's credit rating according to S&P (August 5th, 2012) is AA+. For a while the US had an AAA rating, but it has dropped due to rising debts. This isn't as bad as some European countries' though.