What is the function of credit?
It allows you to buy things with future money (money you haven't got yet),
it allows the lender to make money from your impatience. (a LOT of money).
it allows the lender to make money from your impatience. (a LOT of money).
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Answer . Open a prepaid credit card account or try opening a department store credit card. They are usually easier to aquire. Unfortunately, department store credit cards usually have higher annual percentage rates, so be careful. When you open your account charge something small to your card. Wa…it for the bill to come in, pay your balance. Do this several times. Then put something a little pricier on your card (still within your budget though) and make payments on your card when they are due. (Make your payments larger than the minimum amount due. Otherwise you'll just be paying the interest and you'll never get anywhere.) After you've done that for a while pay it off again. Just keep that up and always keep an eye on your credit report! Not only to see your score but to make sure there is no identity theft! You should see your credit score go up. Just a warning though. It takes a long time. I established my credit by going to school. :) I needed a student loan and that loan is what GAVE me credit. I started working for Victoria's Secret as well and so I had opened up a VS Angel card. That made my credit better. I had a score of 678 by the time I was 20. (Which by the way, took 2 years.) ( Full Answer )
Answer . recognition: approval; "give her recognition for trying"; "he was given credit for his work"; "give her credit for trying"; "the credits were given at the end of the film"\n. \n. \nmoney available for a client to borrow\n. \n. \nan accounting entry acknowledging income or capital it…ems\n. \n. \nused in the phrase `to your credit' in order to indicate an achievement \ndeserving praise; "she already had several performances to her credit";\n. \n. \ngive someone credit for something; "We credited her for saving our jobs"\n. \n. \narrangement for deferred payment for goods and services\n. \n. \naccredit: give credit for; "She was not properly credited in the program"\n. \n. \nrecognition by a college or university that a course of studies has been successfully completed; typically measured in semester hours\n. \n. \ncitation: a short note recognizing a source of information or of a quoted passage; "the student's essay failed to list several important citations"; "the acknowledgments are usually printed at the front of a book"; "the article includes mention of similar clinical cases"\n. \n. \naccounting: enter as credit; "We credit your account with $100"\n. \n. \nan entry on a list of persons who contributed to a film or written work\n. \n. \nhave trust in; trust in the truth or veracity of ( Full Answer )
Of course you can still have a credit card despite a bad credit history. There are companies who give people with bad credit history a chance to prove their integrity again. But of course, there are requirements and at the same time, there may be unreasonable policy so you should be aware of it. Wei…gh the policy. Generally, it will have to be a high interest or 'bad credit credit card'. These have high APR, but if used correctly can help rebuild your credit and then you can apply for a far better credit card package. There is quite a bit of information here about bad credit. See the related link. It is also worth requesting your credit score from a company like Experian. See the related link. ( Full Answer )
Credit Cards for Bad Credit If you have bad credit, you might think that it is impossible for you to obtain a credit card. Let's start out by saying that if you have bad credit, the only possible reason could have for wanting another credit card is to try and rebuild your credit rather than to go …on a shopping spree at the local Wal-Mart. For people with bad credit, credit cards can be the bane of existence.Even if you have bad credit, you might also be able to secure a department store credit card. Many department stores will offer you a credit with a low limit even if your credit isn't stellar. Of course, the big thing here is to make your payments on time and don't overextend your credit. http://simplecreditonline.com/ ( Full Answer )
functionalism is the theory that everything has a function or a purpose; the theory shows believes that society is based on consencus (agreement/togetherness) A society is a series of institutions. A change in one institution will affect or even change all of the other institutions.
There are a few ways you can get a credit card with little or no credit. Check the websites I've added. They should be able to explain in detail.
1. An action performed by a device , department , or person that produces a result . Function remains more or less fixed whereas the purpose (which indicates intention or objective ) generally changes . For example, the function of a hammer is to strike something nearby whereas its purp…ose (what to strike and why) could be anything the hammer-wielder has in mind. 2. Mathematics: A mathematical relationship in which a quantity ( dependent variable ) depends on or is determined by another quantity ( independent variable ) or quantities . The dependent variable is said to be a function of the independent variable(s). If something is done, or something happens, to the independent variable(s), it is reflected in the dependent variable. See link below ( Full Answer )
A function is a rule which relates the values of one variable quantity to the values of another variable quantity, and does so in such a way that the value of the second variable quantity is uniquely determined by (i.e. is a function of ) the value of the first variable quantity. A simpler a…nswer A function is the same as the word "use". The function of a car is to transport people. The use of a car is to transport people. The function of a knife is to cut things. You use a knife to cut things. Answer definite purpose What is the structure supposed to do? What was it designed for? 1. ) z^8 + i*z^4 -1 =0 2. ) z* (zconjugated) - 3* (z- zconjugated) = 2+ 3*i ( Full Answer )
A credit analyst is the one who evaluates the credit worthiness ofindividuals and businesses. They make decision about customercredit applications using different criteria that includes creditviability, customer payment history and purpose of application.
Functionality is defined as being the state or quality offunctioning. When talking about computers or video gamesfunctionality is used to describe the capabilities that areassociated with the software or hardware for the computer.
Functions refer to duties, responsibilities or obligations of aparticular person or thing. The functions of the president andother public officers are defined by the constitution.
The functions of the credit control department include theeffective and efficient control and collection of all income anddebt management.
No, it is impossible to have a credit score without any credit history. But you should check to make sure. You might find lines of credit reported in your name that don't belong to you which is a potential indication of identity theft.
No not necessarily. Your credit score is determined by your history of paying back accounts from lenders. While you don't need a credit card they tend to be how most people build credit. To get a good score without a card (assuming you're applying for a loan or some kind of financing) you'll need ei…ther a cosigner, someone who has credit and is willing to put it on the line for you and their credit becomes yours basically but they take most of the risk and penalties if you default. Another option is a loan which you pay back every month ON TIME in order to build a good score over time. ( Full Answer )
There's no universal marker that says you automatically get or don't get a credit card. A higher score just means you're more likely to get a card, loan, or financing. Generally as long as you're over 620 you can find someone willing to give you a card. I would recommend trying for a bank card they'…re usually a bit more giving although I'd recommend Citi highly and gas cards are also usually pretty easy to get. If all else fails you can get a prepaid card and build up over time to it and eventually get a regular card after a few months or so. ( Full Answer )
Assume we are selling a dress on credit for $100; the dress has a cost of $80. Accounts receivable: debit 100 Sales: credit 100 Cost of goods sold: debit 80 Inventory: credit 80 The rationale is as follows: Inventory is an asset (normal debit balance), which is reduced (hence a credit) Accounts re…ceivable is an asset (normal debit balance), which increases (hence a credit) A profit is made of 20, hence equity increases. Instead of applying a credit on retained earnings, temporary T-accounts are used (sales and cost of goods sold) Sales has a normal credit balance, hence it is credited Cost of goods sold has a normal debit balance, hence it is debited Notice that the two temporary T-accounts together are credited for 20, which is the profit margin ( Full Answer )
An accreditation is the method of quality assurance designed todistinguish which schools adhere to a set of standards. Acredential is qualification that indicates that someone isqualified for do something. Creditation is not a word.
bad credit card just like a payday loan . well, payday loan is veryeffective way for your emergency money requirements problems inSingapore . many company provide the payday loan with low interestrate.
The primary duties of the IT department in an organisation are to:. Provide the organisation with the data storage and processing systems it needs to support and develop its operations.. To keep the system up-to-date in response to changes of personnel, organisation, the law, statutory instruments… (eg tax regulations). To ensure the software used is appropriate, legal and reliable.. To install and maintain the appropriate hardware and networks.. To develop data communications with outside users (eg the internet, banks, suppliers, customers). To train users in the use of the software and hardware.. To ensure compliance with legislation on computer design and usage, data protection. etc. To ensure that the system and data can be fully restored in the event of a system failure. (ie arrange data backup). To carry out risk analyses and take appropriate steps to deal with any perceived risk such as fire, vandalism, hacking, etc ( Full Answer )
Functionalization is the addition of functional groups onto the surface of a material by chemical synthesis methods. The functional group added can be subjected to ordinary synthesis methods to attach virtually any kind of organic compound onto the surface.
Your question seems a bit vague, but if I am understanding you, If you have "No" Credit, and want to start building credit, then the best way is to start making some small purchases on your credit card and paying them off over time. Maybe three payments worth. However, you want to be sure that the m…erchant you are making payments to, actually reports to the credit bureaus. That's the key element here. ( Full Answer )
Credit Rating Agencies rate the credit-worthiness of securities instruments.. The reason for doing so is for investors to gain confidence that what they are buying is what they think it is.. The big players in the industry (pension/insurance funds) have mandates which prevents them from investing …in securities below a certain rating.. You could say that they act as a means of protecting society from excessive speculation using 'social' funds (pension/insurance) by fund managers who are out to speculate short term by taking excessive risk.. Duncan of Canary Wharf ( Full Answer )
objective of MECIB is to promote Malaysia's exports and foreign investment by providing a variety of export credit insurance and financial guarantee. Functions; -Promoting Malaysia's exports by helping the exporters in minimizing non-payment risks. -Assisting exporters in obtaining financing f…orm banks and other financial institution. -promoting active participants from the commercial banks and other financial institutions in export financing and the mobilization of funds for exporter purposes. -Nurturing Malaysian companies (mainly SMEs and now even to large conglomerates) involvement in exporting. ( Full Answer )
Credit is an contractual agreement in which a borrower receivessomething of value on one party and agrees to repay the lender atsome later date provided by the one party.
The main function of the international credit market is to makeprofit. Another function is to ensure that the local currency valueis not brought down.
No you do not have to have credit but is good to have it credit so you can get a bigger loan and stuff like that. JT
credibility is the trustworthiness given to you by the lenders which is your credit card holder. paying on time and paying in full will make your credibility higher and chances are they will make you get a loan easily because of your credit history. they will check your credit report, so make sure t…o keep track on your credit report score. ( Full Answer )
A function is a mapping from one set of numbers (domain) to another(range). The mapping need not be linear: it can be any mathematical function. That is, for everynumber in the domain the function provides a rule which allows youto calculate another number. If, then, you devise another function wh…ich is a mapping from therange of the first function to some other set, you have a functionof a function. For example, suppose the first function, f, is "add 1" and thesecond function, g, is "square the number." Then the function g of f = g[f(x)] = g[x+1] = [x+1] 2 = x 2 + 2x+ 1 however, note that f of g = f[g(x)] = f[x 2 ] = x 2 + 1 This illustrates that f of g is not the same as g of f. ( Full Answer )
The credit department's main function is to lend money. There are several roles and responsibilities that go along with this. . Assessing the potential loss risk of the loan . Developing and adhering to lending policies . Understanding of lending laws . Knowledge of in house lending procedure…s . Analyze the financial condition of the borrower . Securing collateral and guarantees . Collecting proper documentation ( Full Answer )
a Credit Officer will take a loan application, check out your credit, and if you qualify will see to it that your request is granted.
most certainly it is. the extended reason is that you are paying with future funds that are to be paid to your card issues
Credit cards are issued to customers of companies who offer linesof credit. The card can be used to make purchases or payments instores and online. Debit cards on the other hand are issued bybanks or prepaid debit card companies. They have the same role as acredit card allowing consumers to make pay…ments or purchases instores and online, but can also be used to withdrawal money from anATM. ( Full Answer )
Credit reporting agencies keep files of information on all consumers who have made credit transactions at some point in their lives. Credit granting institutions may purchase these files
in the various stages of economic development, not a few former underdeveloped nations have achieved higher levels of stability and growth in both economic and social endeavors. it is most evident that the credit system,among other things , has been very instrumental in the development and progress… of nations. it means that the rate of economic growth of a country depends on the stability of credit . basically this chapter focuses on the importance of credit on the development and growth of our country. ( Full Answer )
The Equal Credit Opportunity Act prohibits discrimination in credit transactions on the basis of marital status, race, sex, and so forth.
The Fair Credit Reporting Act allows consumers access to creditrecords for the purpose of correcting errors.
A credit report basically contains information about your credit history, whereas Credit score is a number which is generated on the basis of your credit report. Score totally depends upon one's credit record, if history is good, credit score will be high. I always check my credit score free at Fr…eecreditscore.com. ( Full Answer )
A credit union is a not for profit organization that works just like a bank and both banks and credit unions have the same primary function....to make a profit by pooling you deposits and investing it for a better return then they pay you, chargeing intrest on loans and chargeing fees. Basicly they …make money with your money, yet it is what they do with these profits where the two differ.... instead of profits being paid out to greedy shareholders like banks they are given back to the members in the form of lower interest rates on loans and and higher returns on deposits. So, in turn the function of a credit union (In oppose to a traditional bank) would be to benefit the members of the credit union with the money saved by not paying a dividend out to shareholders (like banks) and are run by a voluntary board of directors. James Bohlert Jbohlert@yahoo.com ( Full Answer )
You can use both debit card and a credit card to purchase goods and services. However, with a credit card your purchases are on credit, which means, the credit company who issued the card pays for the goods and services on your behalf. You then pay the credit company. On the other hand, the debit ca…rd is directly linked to your bank and every time you use the debit card to pay for your purchases, the amount is deducted to your money in the bank. Although there could be some deals that you can arrange with the bank regarding how the purchases are deducted and about your limits. ( Full Answer )
A bad credit credit card is designed to offer credit cardfacilities for people with poor or adverse credit scores. Suchtypes of "bad credit" customers may find it difficult to beaccepted for mainstream credit cards. Bad credit credit cards tendto have more generous criteria for acceptance, so people… with lowcredit rating, previous credit problems such as County CourtJudgments (CCJs) or low or irregular income (self-employment forexample) will find it easier to gain one. The downside is that these types off-set the "risk" of lending toadverse credit profile by the interest they charge and the creditthey offer. So the interest rates (APR) on the card is usually muchhigher than "prime" cards (anywhere between 30-40%) and initiallycredit limits will be low and fixed. A low credit limit, such as $300, is typical. You will incuradditional fees for exceeding this amount. The cycle can becomevicious if you only pay the minimum payment, since the fees canaccelerate your costs. Unlike a debit card, there is no way for youto opt in to have the card denied when you have reached your limit. The purpose of these cards is to use them responsibly and graduallywork your credit rating up so that applications for "prime" cards(with cheaper interest rates) will be successful. ( Full Answer )
Credit services can help get you out of debt or try to get you a loan if you really need one or need help trying to get one. Credit services can also help build up your credit if you have a bad credit history.
Depending on criteria for 'system'. Credit is currency in Capitalism. In general; credit works under the premise of time value of money, and an understanding of a 'risk'. The amount of 'credit' a system can hold would be maximized by the largest amount of credit obtained with out overexerting (be…ing crushed by the weight of the debt). In an ideal financial system credit would be used on 'one in a million' opportunities/deals/interests, and never used to fund Operations costs. ( Full Answer )
The "if" function evaluates an expression to either true or false.(In most systems, a value of zero equates to false, and anynon-zero value to true.) If the expression is true, then thefollowing command(s) is/are performed. If the expression is false,then no action is taken. For example: . if (1+…1=2) then print "Hey, that was easy!" . if (2+2=5) then print "This will never happen." ( Full Answer )
The function of a business credit application is to help manage and screen out potential customers who are seeking approval for loans and credit cards. This application helps increase efficiency.
Credit card terminals are used in stores to process transactions made using a card. Most modern terminals can process credit, debit, food stamp, and gift cards. A wireless terminal shares this functionality, but is portable for merchants who have set up shop in temporary places, like a convention ha…ll or a flea market. ( Full Answer )
The function of a credit card terminal is to provide a trader with the tools to allow a customer or consumer to pay for services or goods through credit cards as the credit card terminal allows for transaction through credit cards.
We need more information to answer this question, but since you placed it in "conditions and diseases," perhaps you are asking about a person who is basically getting by and managing to function (to eat, to sleep, to speak, to understand questions that are asked) but not necessarily feeling very wel…l. Sometimes, the organs of the body are said to be functioning if they are working properly, as they are supposed to. Or you may hear that someone is a "functioning alcoholic"-- this means the person does in fact have a major drinking problem but during work hours, he or she is able to go to work and get their job done on a basic level; or they can put aside certain periods of time for doing things that seem normal, even if the majority of their free time is spent drinking. ( Full Answer )
The card issuer (usually a bank) creates arevolving account and grants a line of credit to the card holder,from which the card holder can borrow money for payment to amerchant or as a cash advance. A credit card is different from acharge card, where it requires the balance to be repaid in fulleach m…onth. ( Full Answer )
A function is not a function if it passes through the vertical linetest more than once, and it is not linear or a quadratic.
A credit card company act as a 'liaison' between the customer andthe business. The customer presents their credit card to theretailer - and the card company pays the retailer for the goods thecustomer has purchased. The card company charges the customerinterest each month on the outstanding balance …- in payment for theconvenience of being able to make (often expensive) purchases,without having to h=cary large amount of cash. ( Full Answer )