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- Too much credit
- High Debt to income ratio
- No positive accounts etablished.
- To many negative accounts.
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∙ 12y ago
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What is the most common form of credit used by consumer?
Revolving unsecured credit accounts (credit cards).
What does it mean for an individual to have a personal line of credit?
Every individual has a line of credit. This line of credit is what determines your credit score and what will be used to approve or deny you credit cards or loans.
What are consumer credit checks used for?
Consumer credit checks are used when a person is applying for a product in store. These usually consist of low level credit checks to ensure a person is eligible for their product, and weekly or monthly payments.
What can you do if you turned down for credit at a bank and believe that the data used deny credit is inaccurate?
Ask the bank for the company that supplied the data, then contact that company with the necessary information to correct the mistake. However - that may not be enough to restore your credit rating.
Are home equity loans are one of the least expensive forms of consumer credit?
Generally, yes, since the home will be used to secure the loan.
Explain why consumer credit can be costly?
consumer credit can be costly because when you used someone else money you have to pay interest
What is the most common form of credit used by consumer?
Revolving unsecured credit accounts (credit cards).
What does it mean for an individual to have a personal line of credit?
Every individual has a line of credit. This line of credit is what determines your credit score and what will be used to approve or deny you credit cards or loans.
What are consumer credit checks used for?
Consumer credit checks are used when a person is applying for a product in store. These usually consist of low level credit checks to ensure a person is eligible for their product, and weekly or monthly payments.
What information is included in a consumer credit report?
A consumer credit report consists of a persons personal information as well as their credit history and score which can be used by financial institutions and sometimes employers as well.
What is the Fair credit opportunity act?
The Fair Credit Reporting Act (FCRA) was originally enacted in 1970 in the United States. It regulates how consumer credit info is collected, disseminated & used by consumer reporting agencies.
What is the difference between a Consumer Reporting Agency and A Credit Reporting Agency under the guidelines of the Fair Credit Reporting Act?
there is no difference, it is the same. They were called Credit reaporting agencies several years ago, then the terms was changed to consumer reporting agencies as they are not used for more than just Credit Reporting.
What does a sky card do?
Many people have a sky card in the world today. Sky cards are like credit cards. They can be used for the same reasons as credit cards or for different reasons too.
What can you do if you turned down for credit at a bank and believe that the data used deny credit is inaccurate?
Ask the bank for the company that supplied the data, then contact that company with the necessary information to correct the mistake. However - that may not be enough to restore your credit rating.
Are home equity loans are one of the least expensive forms of consumer credit?
Generally, yes, since the home will be used to secure the loan.
What is the meaning of consumer customer?
A consumer customer is one who buys for his own personal use, as opposed to the general customer who purchases for other reasons, such as reselling, materials/services used in manufacturing, government, etc.
What are opinions about Freedom Financial Credit Card?
There are negative and positive opinions about Freedom Financial Credit Card. The best way to find out about the card is to do a consumer search, and also ask people who have used the card.
