Ugba 196 - Study guides, Class notes & Summaries

UGBA 196 - Final Exam 2023 Complete Debt to Credit Ratio Total balance on your credit cards and other loans compared to your total credit limit. 30% is ideal. (Pay down, charge less or have more cards/increase limits) 5 things that determine your credit score 1. Record of paying bills on time (35%) 2.Debt-to-credit ratio (30%) 3.Length of credit history (15%) 4.Recent applications for credit (10%) 5.Mix of credit cards and loans (10%) Highest FICO score 850 Best way to establish goo...

UGBA 1961 out of every 6 - correct answer Americans receive a Social Security check each month introductory rate - correct answer no rate increase for first 12 months of opening a new card, unless intro rate has ended interest rate change - correct answer must be notified 45 days in advance defaulting on credit card - correct answer if you are more than 60 days late in paying minimum, interest goes to default rate of 28-35% for an account in good standing - correct answer interest ra...

UGBA 196 Final Question and answers rated A+ 2023/2024What is a default rate of interest? - correct answer -accelerated rate of interest (28-35%) typically charged on your credit blance as a penalty if issuer didn't receive at least the minimum payment by the due date and time and your payment isn't honored by your banks -underpayment or missing a payment, offends bank -overdraft fees How much REIT pay in order to not be taxed on the corporate level? - correct answer -as long as it pays o...

UGBA 196 FinalWhat is a default rate of interest? - correct answer -accelerated rate of interest (28-35%) typically charged on your credit blance as a penalty if issuer didn't receive at least the minimum payment by the due date and time and your payment isn't honored by your banks -underpayment or missing a payment, offends bank -overdraft fees How much REIT pay in order to not be taxed on the corporate level? - correct answer -as long as it pays out 90% or more of its income than it pay...

UGBA 196 Midterm Question and answers correctly solved 2023/2024 What does your FICO score represent? - correct answer delinquency and default rate of a large number of people with similar credit history What factors determine your FICO score? (5) - correct answer on time bills, debt to credit ratio, length of credit history, new accounts/applications for credit, mix of credit cards and loans Credit Card Act - correct answer ⁃ no interest rate increase for 1 year unless introductory rat...

UGBA 196 1 out of every 6 - correct answer Americans receive a Social Security check each month introductory rate - correct answer no rate increase for first 12 months of opening a new card, unless intro rate has ended interest rate change - correct answer must be notified 45 days in advance defaulting on credit card - correct answer if you are more than 60 days late in paying minimum, interest goes to default rate of 28-35% for an account in good standing - correct answer interest ...

UGBA 196 Midterm What does your FICO score represent? - correct answer delinquency and default rate of a large number of people with similar credit history What factors determine your FICO score? (5) - correct answer on time bills, debt to credit ratio, length of credit history, new accounts/applications for credit, mix of credit cards and loans Credit Card Act - correct answer ⁃ no interest rate increase for 1 year unless introductory rate has come to an end or you are 60+ days late on...

UGBA 196 - Assignment 3 With Complete Answers 2024.Most of the taxes the federal government collects comes from - correct answer individual taxpayers employers withhold from employees paychecks the following - correct answer -social security -less federal taxes if you declare more exemptions -medicare for tax purposes a dependent may be any of the following - correct answer -your mother who lives in your home -your children -your spouse earned income includes all the following - cor...

UGBA 196 - Final Exam 2023 Complete Debt to Credit Ratio Total balance on your credit cards and other loans compared to your total credit limit. 30% is ideal. (Pay down, charge less or have more cards/increase limits) 5 things that determine your credit score 1. Record of paying bills on time (35%) 2.Debt-to-credit ratio (30%) 3.Length of credit history (15%) 4.Recent applications for credit (10%) 5.Mix of credit cards and loans (10%) Highest FICO score 850 Best way to establish goo...

UGBA 196 - Final Exam 2023 Complete