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Ironically, bad credit isn't too much of an issue for Home Equity loans. Basically, people who seek a Home Equity loan put the equity of their house as collateral against the value of the loan they receive. Of course, it's generally not recommended for people with bad credit to take out any loans, unless they've taken credit counseling and have learned from their previous mistakes.

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How do you solve for debt ratio with an equity multiplier of 24 and its assets are financed with some combination of long term ad common equity?

Equity multiplier = 24 Equity ratio = 1/3.0 = 0.33 Debt ratio + Equity ratio = 1 ***THIS EQUATION IS THE KEY TO THE ANSWER*** By manipulating this formula you can find Debt ratio = 1 - Equity ration 1 - 0.33 = 0.67 or 67% Debt ratio = 67%


How can credit be repaired?

This is a loaded question but keep in mind that it all about the Credit scores more so than repairing your credit. Credit scores affect every aspect of our financial lives - qualification for loans, the interest rates we pay, employment opportunities, and even insurance premiums. Unfortunately, credit reports commonly include errors, misstatements, incomplete information and misleading information. In fact, recent studies show that up to 79% of credit reports contain some type of error. Increasing your credit score is the approach you should take in repairing your credit profile. The trick is knowledge! I recommend a course called "The Credit Bible" by Phil Turner and this is the course I've used to solve my credit problems.


Will declined credit card transaction affect your credit rating?

How embarrassing! It is more like a red flag (to you) that you have an issue with the credit card company. It could be in error, but it may also mean that you have met or exceeded your limit. Contact the credit card company as soon as possible to solve the issue.


What does insufficient credit file mean?

There is not enough credit history for the lender to make a decision. The credit file is a history and if it doesn't go back far enough, or have enough accounts on it, they can't make an informed decision. To solve try to get small things that will appear on your credit, possibly a card with a 500 dollar limit, etc.


What does a MP do?

A MP represents their city or town. They help people when it is needed. If you have complaint to make, tell your MP and they can help you solve it.

Related Questions

Who Advise lawyers online on loans, it is very necessary?

Hi, I had credit problems. These guys helped me solve everything, they are professionals !!! htt ps://cutt.ly/hjmz57y (Remove the space)


Can speakers be hooked up to an iPod?

Don't have enough money to buy some real estate? Worry no more, just because it is real to receive the credit loans to solve such kind of problems. So take a credit loan to buy all you need.


Has anyone got caught for stealing a credit card?

Many, many people. It is one of the easiest crimes to solve and prosecute.


How do you solve for debt to equity ratio with an equity multiplier of 2.47?

Equity Multiplier = 2.4 Therefore Equity Ratio = 1/EM Equity Ratio = 1/2.4 = 0.42 MEMORIZE this formula: Debt Ratio + Equity Ratio = 1 Therefor Debt Ratio = 1 - Equity Ratio = 1 - 0.42 = 0.58 or 58%


How do you find equity in accounting when only assets are given?

Answer:The accounting equation states that total assets equal total liabilities plus equity. If total assets are given, you need total liabilities in order to solve for equity.


How do you solve for liabilities when only given assets?

To solve for liabilities you have to have assets and owners equity. If you are given these two balances, then to find liabilities remember the accounting equation.Assets = Liabilities + Owners Equity (Stockholders Equity)Rearrange the equation to findAssets - Owners Equity = LiabilitiesFor example if you haveAssets 500 = Liabilities X = Owners Equity $300Assets $500 - OE $300 = Liab. $200The equation original form would look like this.$500 = $200 + $300If you are not given at least two balances, there is really no way to figure the Liabilities.


How do you solve for debt ratio with an equity multiplier of 24 and its assets are financed with some combination of long term ad common equity?

Equity multiplier = 24 Equity ratio = 1/3.0 = 0.33 Debt ratio + Equity ratio = 1 ***THIS EQUATION IS THE KEY TO THE ANSWER*** By manipulating this formula you can find Debt ratio = 1 - Equity ration 1 - 0.33 = 0.67 or 67% Debt ratio = 67%


How can you solve any legal credit?

FOR INFORMATION ON LEGAL CREDIT VISIT THIS LINK. comdeals/lexingtonlaw/Anaaatencio


Are payday loans good short-term debt solutions?

Yes. Payday loans can really be a lifeline to anyone who needs money quickly to solve short-term financial crisis.


How do you solve journal entries?

purchased additional tools on credit yk. 350


How do you solve the bad credit car loan issue?

Pay your bills on time.


How can credit be repaired?

This is a loaded question but keep in mind that it all about the Credit scores more so than repairing your credit. Credit scores affect every aspect of our financial lives - qualification for loans, the interest rates we pay, employment opportunities, and even insurance premiums. Unfortunately, credit reports commonly include errors, misstatements, incomplete information and misleading information. In fact, recent studies show that up to 79% of credit reports contain some type of error. Increasing your credit score is the approach you should take in repairing your credit profile. The trick is knowledge! I recommend a course called "The Credit Bible" by Phil Turner and this is the course I've used to solve my credit problems.