It predicts future earning potential for lenders best describes the role of a credit agency. This answer has been confirmed as correct and helpful. Statement that best describes the role of a credit agency is: It tracks the use of credit for lenders.
Which of the following best describes a promissory note?
15Which of the following best describes a promissory note? It is a document that describes the rights a borrowing member has with regard to a financial institution. It is a legal instrument signed by a borrower that defines a specific payback date and amount for a loan.
Is debit and debt?
Debt is a liability. An amount of money a person or company owes to another person or level entity. “I’m in your debt.” “I owe you a debt of gratitude.” Simply put, “I owe you one.” Debit is an accounting term. Every financial transaction is made up as least one debit and one credit (its inseparable partner).
Which statement best describes the lender’s viewpoint of William?
Which statement best describes the lender’s viewpoint of William? He is a low-risk borrower who qualifies for lower interest rates.
Which statement best describes the role of credit agency Brainly?
Answer Expert Verified The answer is “It predicts future earning potential for lenders”. A credit agency is revenue driven organization that gathers data about people’s and organizations’ debts and doles out a numerical esteem called a credit score that demonstrates the borrower’s financial soundness.
What is a good example of Noninstallment credit?
Non-installment credit can also be secured or unsecured; it requires you to pay the entire amount due by a specific date. For example, when you get you cell phone bill each month, it says “payable in full upon receipt”. That means you owe the entire amount at one time.
What is another word for indebted?
In this page you can discover 24 synonyms, antonyms, idiomatic expressions, and related words for indebted, like: , obliged, obligated, beholden, answerable for, under obligation, owing, grateful, liable, chargeable and indebted to.
Which information is found on a credit report quizlet?
What are the four categories of a credit report? Your name, current and previous addresses, telephone number, full or partial Social Security number, date of birth and current and previous employment information.
