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37 votes
37 votes
Which of the following best defines someone's capacity?

O Their prior record of paying bills and paying off debts
O Their ability to repay a loan
O Items attached to a loan that may be seized if they fail to repay
O Undocumented loans they received from friends and family members

User Kirill Strizhak
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3.0k points

2 Answers

24 votes
24 votes

Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle

2. a payday loan

3. an unsecured installment loan

4. It decreases your monthly expenses, giving you more money to spend on other things.

5. Determine or estimate the current value of everything you own.

6. Their ability to repay a loan

7. your prior record of paying your bills and paying off your debts

8. your age and gender

9. You can request one online or over the phone.

10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.

11. -the lender that provided the incorrect information

-the credit bureau that prepared the report

12. right away

13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.

14. The longer the term, the more you will pay in interest.

15. It will cost you less money overall.

16. A store credit card generally comes with a higher interest rate.

17. You will save money if you pay the balance off quickly.

18. -Clarifying the confusing language found on credit card applications.

-Forcing lending companies to disclose interest rates and hidden fees.

19. It banned credit card companies from raising interest rates after missed payments.

20. -a fixed annual charge for the use of a credit card

-a charge if the minimum payment is not paid by the due date

21. paying off the balance before interest can accrue

22. $30

23. Determine which card has the higher interest rate and pay the extra money to that card first.

Explanation: All these answers are correct!

User IIIOXIII
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3.0k points
5 votes
5 votes

Answer:

Their ability to repay a loan

User Hoots
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2.9k points