ECONOMICS (CBSE/UGC NET)

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ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is NOT one of the 5 considerations a person should think about when buying on credit
A
Can I afford this item?
B
Have I done some comparison shopping?
C
Do I really require this item?
D
Will I look or feel cool if I buy this item?
Explanation: 

Detailed explanation-1: -What are the 5 Cs of credit? Lenders score your loan application by these 5 Cs-Capacity, Capital, Collateral, Conditions and Character. Learn what they are so you can improve your eligibility when you present yourself to lenders.

Detailed explanation-2: -Answer and Explanation: 3. Candor is not part of the 5cs’ of credit.

Detailed explanation-3: -Payment history. Amounts owed. Length of credit history. New credit. Credit mix. 30-Dec-2022

Detailed explanation-4: -Learn the legal steps you must take to improve your credit report. Beware of credit-repair scams. Get copies of your credit report-then make sure the information is correct. Pay your bills on time. Understand how your credit score is determined. More items

There is 1 question to complete.
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