0
How can the use of credit impact your financial stability over time?
Wiki User
∙ 7y ago
dangerously
Wiki User
∙ 7y ago
Add your answer:
Earn +20 pts
What is currency stability?
Currency stability is when money is worth a set amount over a period of time. There is not a fluctuation in the value of currency.
Supervises banking systems and regulates the money supply?
The money supply is controlled and monitored by the central bank. It is essential for ensuring the economy's smooth operation and maintaining financial stability. The activities of banks, including their lending practices, risk management, and compliance with regulations, are monitored by the central bank through its supervisory authority. By implementing monetary policies like adjusting interest rates and managing reserves, the central bank also has control over the money supply. Because of this, it is able to have an effect on inflation, economic expansion, and the financial system's overall stability.
What is the most important factor while evaluating countries for investment risks economic or political?
The most important factor is economic and political stability. It is important to review the country's stability over the preceding few years.
What is Consumerism impact on tourism?
To have a good control over your population and have a better control over
Does Econo Lodge accept credit card payment over the phone?
You can use your credit card over the phone for Econo Lodge but only to book a reservation. Your card will not be charged until after you have checked in.
How many points are deducted from your credit score for an inquiry?
While there is no fixed number, an inquiry is one factor that can affect your credit score. The exact impact may vary depending on things such as the number of inquiries you have over a short time and your credit file's stability. Some inquiries are known as soft inquiries and do not affect your credit score. An example of a soft inquiry is a credit card pre-approval.
How may a credit card negatively impact an individual credit history?
A credit card may negatively impact a credit history in a few ways. 1. Paying your credit card late will hurt your credit. 2. Keeping a high balance on your credit cards will lower a credit score. 3. Going over the credit limit will negatively impact your credit score.
How long will a foreclosure be on your credit report and how will it effect your credit score?
A foreclosure can stay on your credit report for over ten years. It will have a significant and negative impact on your score.
How long does a credit inquiry stay on your credit report?
A credit inquiry typically stays on your credit report for two years. However, its impact on your credit score diminishes over time, and it usually does not have a significant effect after the first year.
How long can a hard inquiry stay on your credit report?
A hard inquiry can stay on your credit report for up to 2 years. It may impact your credit score during the first year but its impact lessens over time.
How does Credit Safe contribute to a person's financial management?
Credit Safe, a UK-based company, provides credit monitoring services and also recommends products to customers based on their financial needs. The reviews of that company are all over the map from calling the company extremely helpful to absolutely dreadful.
How do you report a credit card company?
Most western countries have an authority that over sees financial companies. Banks, lenders, etc. Try a search in your country for financial regulators.
Is it wise to have a free credit repair consult?
Repairing your credit score if you have low or minimal credit can help you be approved to credit cards or loans. Credit repair consultants will generally look over your past credit and suggest ways to improve credit in future financial decisions. While beneficial this service is not for everyone.
Credit card debts for college students are how high in general?
In a 2012 publication titled 'Financial Literacy and Credit Cards', researchers found that the average college student has over four thousand dollars in credit card debt.
When did Chase take over the administration of Circuit City credit cards?
The financial institution Chase took over the administration of Circuit City's credit cards in the year 2009. In that same year, the company Circuit City went bankrupt.
What is the use of the phenolic s plastic?
Phenolic is used for plastic to add up high impact strength, excellent wear characteristics and dimensional stability over a wide temperature range.
What is a high profit margin?
A high profit margin is a good indication that a business is doing well, and has financial stability. This also shows that the company has good control over its costs in relation to its income.
