Exam (elaborations)
FINDING THE RIGHT LOAN AND BANK TO MEET YOUR NEEDS QUESTIONS WITH COMPLETE ANSWERS.
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FINDING THE RIGHT LOAN AND BANK TO MEET YOUR NEEDS QUESTIONS WITH COMPLETE ANSWERS.
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FINDING THE RIGHT LOAN AND BANKTO MEET YOUR NEEDS QUESTIONS
WITH COMPLETE ANSWERS
2 ff- ffAnswer fffunds ffheld ffby ffa ffthird ffparty ffin ffpromise ffto ffanother ffparty ffby ffcontract
3 ff- ffAnswer ffa ffspecific ffsegment ffof ffa ffmarket
1 ff- ffAnswer ffa fflegal ffterm
collect ffpersonal ffand fffinancial ffinformation ff- ffAnswer ffHow ffdoes ffa fflender ffqualify ffa
fflead?
Find ffa fflender ffthat ffspecializes ffin ffa ffmarket ffniche ffthat ffsuits ffyour ffneeds. ff- ffAnswer
ffWhen ffshopping fffor ffloans, ffwhich ffof ffthe fffollowing fftasks ffare ffcritical ffto ffgetting ffthe
ffbest ffrate fffor ffyour ffloan?
Online ffauction ffsites ffallow ffthe ffborrower ffto ffcomparison ffshop ffquickly. ff- ffAnswer
ffWhat ffis ffthe ffmain ffbenefit ffof ffusing ffan ffonline ffauction ffsite?
Use ffan ffInternet ffauction ffsite. ff- ffAnswer ffWhat ffis ffthe fffastest ffway ffto ffcompare ffcar
ffloan ffrates?
Credit ffunions ffhave fflower ffrates ffthan ffa fflarger ffbank. ffCredit ffunions ffhave fflower
fffees ffthan ffa fflarger ffbank. ff- ffAnswer ffWhat ffdistinguishes ffa ffcredit ffunion fffrom ffa
fflarge ffbank ffwhen ffdealing ffwith ffloans?
The ffcar ffdepreciates. ff- ffAnswer ffWhat ffis ffthe ffleading fffactor ffthat ffcauses ffloan ffrates
fffor ffa ff7-year ffcar ffloan ffto ffbe ffhigher ffthan ff5-year ffcar ffloan ffrates?
Consumer ffB, ffbecause ffthe ffloan ffterm ffis fflonger. ff- ffAnswer ffTwo ffconsumers ffare
ffbuying ffthe ffsame ffmodel ffcar.
Each ffperson ffdecided ffon ffa ffdifferent fflength ffof fftime fffor ffthe fffinancing. ffOne ffperson
ffhad ffa ffhigh ffcredit ffscore ffand ffone ffhad ffa fflow ffcredit ffscore. ff- ffAnswer ffWhat ffis ffa
ffreason ffthat fftwo ffborrowers ffwould ffget ffoffered fftwo ffdifferent ffrates fffor ffthe ffsame
ffcar fffrom ffthe ffsame ffdealership ffon ffthe ffsame ffday?
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