https://padlet.com/bangad0017/o478bzk4i5nylkuz en-us 2022-12-12 20:37:35 UTC 2025-11-13 17:21:41 UTC hello@padlet.com bangad0017 https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2418364903 Is a loan that you make fixed payments to over a set period of time. The common types of installment loans are mortgages, car loans and personal loans. Your credit score determines weather or not you qualify for an installment loan. When taking out an installment loan you borrow a fixed amount of money that you pay monthly payments of a certain amount until it is paid off. It can have a repayment time of month or years, the interest rates can be fixed or variable. Installment loans can have a positive affect on your credit score if you make payments in full on time. ]]> 2022-12-12 20:40:47 UTC https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2418364903 bangad0017 https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2418381301 Advantages: it’s convenient, easy for record keeping, low costing loans, easy to build a good credit score. 
Disadvantages: temptation, interest charges, fees. 

]]> 2022-12-12 21:00:53 UTC https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2418381301 bangad0017 https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2423045167 Revolving credit is an credit account that lets you repeatedly borrow money until you reach a limit and then pay it back over time. This helps you in terms of emergencies you don’t have the money for. A revolving credit account sets a maximum limit, that can be paid in full at the end of each billing cycle or revolve, carry the amount over from one month to the next, you’ll have to pay a minimum amount each month a fixed sum, or a percentage of the total amount due. You’ll be charged interest on whatever is carried month to month, and charged fees like annual fees origination fees or late fees. Examples of revolving credit are credit cards, personal lines of credit, and home equity lines of credit. Making your payment on time in full is best way to increase your credit score for revolving credit. ]]> 2022-12-16 14:08:53 UTC https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2423045167 bangad0017 https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2423275856 A FICO is another kind of credit score. The range for a FICO score is 300 to 850. A good score is 670 to 739. A very good score is 740 to 799. A excellent score is 800 and up. You get a free copy your score by going to AnnualCreditReport.com and going to Equifax, Experian, or TransUnion. You can build a credit score by making payments in full on time. A lender looks at your FICO score and determines if you qualify for what your applying for, a good score will tell the lender they can trust and they will lend you the money you want for a lower interest rate, a bad score will tell the lender you may not be trusted as well and you may or may not get what you want and if you do you’ll likely have a higher interest rate. Maintaining a good credit history is based on you making deadlines and paying in full each payment. You can fix a low score by making payments in full on time. The 2 main chapters of bankruptcy are Chapter 7 and Chapter 11. Chapter 7 bankruptcy is sometimes call liquidation bankruptcy. Most businesses going through this are past the stage the reorganization and usually have to sell their assets. Chapter 11 is know as reorganization or rehabilitation, it is the most complex form of bankruptcy and it is usually the most expensive. It is usually used by a business and not an individual. Having something repossessed typically means you did not make the required payments on time and as a punishment for not making your payments the bank takes away whatever your not making payments on, its typically from auto loans. Having your car repossessed doesn’t mean you don’t have to pay, you still have to pay your loan off. A negative affect usually stays on your credit report for up to 7 years. ]]> 2022-12-16 18:05:05 UTC https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2423275856 bangad0017 https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2423358167 2022-12-16 19:59:09 UTC https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2423358167 bangad0017 https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2425812643 Consumer Credit Protection Act (CCPA) protects consumers from harm by creditors, banks, and credit card companies. 

The Fair Credit Reporting Act (FCRA) regulates sharing, storing, and collection of customers credit and financial records. ]]> 2022-12-20 14:01:51 UTC https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2425812643 bangad0017 https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2425830728 https://youtu.be/upwkA0yYxE0]]> 2022-12-20 14:20:35 UTC https://padlet.com/bangad0017/o478bzk4i5nylkuz/wish/2425830728