Ugba 135 midterm - Study guides, Class notes & Summaries

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UGBA 135 Midterm questions & answers graded A+ 2023/2024 already passed

UGBA 135 Midterm questions & answers graded A+ 2023/2024 already passed
Exam (elaborations) • 16 pages • 2023
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UGBA 135 Midterm FICO Score - correct answer measure of consumer credit risk Highest FICO Score - correct answer 850 Factors determining FICO Score - correct answer Credit report is based on: -35% paying your bills on time over time -30% your debt-to-credit ratio ( borrowing money/ credit limit) -15% length of credit history -10% mix of credit cards and loans (like to see things other than credit card; Rent, any loan (e.g. leasing car)) -10% new accounts and recent applications for c...

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UGBA 135 Midterm #1 Exam Questions with correct Answers
Exam (elaborations) • 14 pages • 2024
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UGBA 135 Midterm #1

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UGBA 135 Midterm Exam Questions and Answers
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UGBA 135 Midterm Exam

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UGBA 135 Midterm questions with verified solutions 2023/2024

UGBA 135 Midterm questions with verified solutions 2023/2024
Exam (elaborations) • 19 pages • 2023
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UGBA 135 Midterm 21st Century Millionare - correct answer - Someone who can financially take care of themselves without help from any government agency, living the life they want to lead - After working for 40 years, only 5% of people are financially independent (don't need government assistance) - Cornerstone of their wealth = being frugal (not cheap, but value-oriented) --> budget and spend carefully, live within their means - People who succeed have goals Do not outlive your money ...