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 196 Finalcredit score - correct answer - paying bills on time over time - debt to credit ratio - length of credit history - new accounts and recent applications for credit - mix of credit cards and loans wash sale - correct answer - cannot declare a loss on a security if you purchase the identical security within 30 days before or after the sale revenue - correct answer sales earnings - correct answer profits interest rates are based on... - correct answer lowest score ma...

UGBA 196 Question and answers already passed 2023/20241 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 accoun...

UGBA 196 - Final Exam 2023 Complete

UGBA 196- Midterm FICO Score (Definition) - correct answer Mathematical Number used by lenders to determine if you're a good or bad credit risk Debt-to-Credit Ratio - correct answer Total balance of your credit cards and other loans compared to your total credit limit Add up all your debt/credit ratios What percent do you want your debt-to-credit ratio to be? - correct answer 30%-33% Highest possible FICO Score? - correct answer 850 (delinquency rate of 1%) What's the best way...

UGBA 196 WRITTEN EXAM 2024. credit score - correct answer - paying bills on time over time - debt to credit ratio - length of credit history - new accounts and recent applications for credit - mix of credit cards and loans wash sale - correct answer - cannot declare a loss on a security if you purchase the identical security within 30 days before or after the sale revenue - correct answer sales earnings - correct answer profits interest rates are based on... - correct answer low...

UGBA 196 Final- Questions with complete solution 2023/2024 credit score - correct answer - paying bills on time over time - debt to credit ratio - length of credit history - new accounts and recent applications for credit - mix of credit cards and loans wash sale - correct answer - cannot declare a loss on a security if you purchase the identical security within 30 days before or after the sale revenue - correct answer sales earnings - correct answer profits interest rates are b...

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- Midterm Question and answers 2023/2024 verified to passFICO Score (Definition) - correct answer Mathematical Number used by lenders to determine if you're a good or bad credit risk Debt-to-Credit Ratio - correct answer Total balance of your credit cards and other loans compared to your total credit limit Add up all your debt/credit ratios What percent do you want your debt-to-credit ratio to be? - correct answer 30%-33% Highest possible FICO Score? - correct answer 850 (d...

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...