ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Credit Responsibilities
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Credit Rights
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Credit Report
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Credit History
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Detailed explanation-1: -Credit Officer responsibilities include preparing loan applications, evaluating clients’ financial information and calculating risk ratios. To be successful in this role, you should have a good understanding of lending procedures and customer service experience.
Detailed explanation-2: -The number one rule of responsible credit use is to always pay your bills on time! Late or missed payments have a big impact on your ability to secure new credit.
Detailed explanation-3: -Make payments on time. You should make your payments on time, every time, according to the CFPB. Stay below your credit limit. Create a budget. Consider your credit history. Pay more than the minimum. Monitor your credit with CreditWise from Capital One. 09-Mar-2022
Detailed explanation-4: -Always Pay on Time. Payment history influences your credit score more than any other factor. Pay More Than the Minimum Amount. Keep Balances Low by Using Your Card for Necessary Purchases. 17-Nov-2020