Ugba 135 midterm - Study guides, Class notes & Summaries

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UGBA 135 Midterm #1 Exam With 100% Correct Answers 2023 21st Century Millionare - 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 D...

Can you increase credit score by increasing your credit limit? - ️️Yes, only if you stay below a 50% debt-to-credit ratio on each credit card. 30% ratio is the best for top scores. Increase credit limit to lower credit ratio Three credit scoring agencies - ️️Transunion () -- Empirica score Equifax () -- Beacan score Experian () -- Experian model credit hold on account - ️️-when a customer is consistently late in making payments, has exceeded their credit limit, or is identifie...

UGBA 135 Midterm Exam With Complete Solution...

When are credit card payments due in order not pay a penalty? - ️️To avoid a late payment fee alway make sure your credit card payment is made two days before the due date if paying online, or five days before if paying by mail. What is a prenup agreement? - ️️A prenuptial agreement is entered into before marriage. This agreement can set forth what will happen to your and your spouse's assets and income in the unfortunate event of divorce, separation or death. What types of acco...

UGBA 135 Midterm Verified Test Questions 2024. 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...

UGBA 135 Midterm Questions With 100% Correct Answers.

UGBA 135 MIDTERM 1 2024 QUIZZES & ANS, GRADED A+

UGBA 135 Midterm Correctly Answered Questions 2024. 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 acc...

UGBA 135 Midterm Questions and answers latest update 2024