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What does a 0 credit score mean and how does it impact a person's financial situation?
A 0 credit score means that a person has no credit history or credit activity. This can make it difficult for them to qualify for loans, credit cards, or other financial products. Without a credit score, lenders may see the person as risky and may offer them higher interest rates or deny them credit altogether. Building a credit history is important for accessing financial opportunities and better terms in the future.
What does elan financial on credit report mean?
Elan Financial Services processes applications and services accounts for small credit card companies.
What does goods mean in financial terms?
anything bought or sold
What does mf mean with terms for credit?
In the context of credit, "mf" typically stands for "mutual fund." Mutual funds pool money from multiple investors to invest in a diversified portfolio of assets, which can include stocks, bonds, or other securities. When discussing credit terms, it may refer to the creditworthiness or financial stability of a mutual fund, which can affect its performance and risk level for investors.
Is there a difference between a balance on a credit card or a loan from a financial institution in terms of credit history and credit rating?
AnswerDo you mean does a loan balance impact your personal credit differently than a credit card balance? Your rating and score are both contingent upon your pay history. The loan company is irrelavent.will a deliquent credit card hurt my other creditors or ruin my credit history
Do the terms financial reporting and financial statement mean the same thing explain?
No they do not mean the same thing. Financial reporting is the more indept report. A financial statment are a subset of the total information in the financial report.
What does a 0 credit score mean and how does it impact a person's financial situation?
A 0 credit score means that a person has no credit history or credit activity. This can make it difficult for them to qualify for loans, credit cards, or other financial products. Without a credit score, lenders may see the person as risky and may offer them higher interest rates or deny them credit altogether. Building a credit history is important for accessing financial opportunities and better terms in the future.
What does DND credit terms mean?
Do not disclose.
What does elan financial on credit report mean?
Elan Financial Services processes applications and services accounts for small credit card companies.
What does goods mean in financial terms?
anything bought or sold
What does mf mean with terms for credit?
In the context of credit, "mf" typically stands for "mutual fund." Mutual funds pool money from multiple investors to invest in a diversified portfolio of assets, which can include stocks, bonds, or other securities. When discussing credit terms, it may refer to the creditworthiness or financial stability of a mutual fund, which can affect its performance and risk level for investors.
What does interpret mean in maths terms?
Interpret means to explain something like to explain remainders
Is there a difference between a balance on a credit card or a loan from a financial institution in terms of credit history and credit rating?
AnswerDo you mean does a loan balance impact your personal credit differently than a credit card balance? Your rating and score are both contingent upon your pay history. The loan company is irrelavent.will a deliquent credit card hurt my other creditors or ruin my credit history
Can you explain what liabilities mean in terms of financial accounting?
Liabilities in financial accounting refer to the obligations or debts that a company owes to external parties. These can include loans, accounts payable, and other financial obligations that the company is required to fulfill. Liabilities are recorded on the balance sheet and represent the company's financial responsibilities that must be settled in the future.
What do you mean by 'Financial System. Explain the various components of Financial system?
financial system means a system used to convert savings into productive investment.
What does cvc mean on a credit card?
In terms of a credit card it means Card Verification code hence CVC.
Explain in a simple way what does debit and credit mean?
The literal definitions of Debit and Credit in financial accounting are Debit. (1) The left side of the account. (2) the amount entered on the left side of an account. (3) To enter an amount on the left side of an account. Credit, same as above only it is entered on the RIGHT side of the account.
