Why am I required to obtain credit?

Why am I required to obtain credit?
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1 Answer

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It’s all part of the game.
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Related questions

Will this hurt my credit?

Description : Will this hurt my credit?

Last Answer : I would focus on just the one for awhile, to be safe. Spend wisely and pay off monthly until done. If you're doing well on that loan or pay it off, as far as payments and being on time, ... , he's helped millions of people get a realistic view of credit and debt. Highly recommend you read the book.

Questions about loans and credit?

Description : Questions about loans and credit?

Last Answer : answer:There's more to a credit rating than using credit cards. Your income is very important. They want to see that you know how to handle money. Paying off your bills each month in full is a ... days. Banks are very stingy due to the banking crisis. They may require a down payment of that size.

If you have a loan or credit card balance, and you pay over the minimum due, whatever you pay over goes directly to the principal, right?

Description : If you have a loan or credit card balance, and you pay over the minimum due, whatever you pay over goes directly to the principal, right?

Last Answer : answer:The longer you have the debt the more interest you pay as each month more interest is added. If you only pay the minimum you will have the debt for much longer and you will pay more interest. The ... . Even I you pay the loan of early you will stay pay the interest for the full loan period.

What is the best way to improve my credit?

Description : What is the best way to improve my credit?

Last Answer : answer:1 Not impossible to get, but difficult. You may have to pay TWO months rent ahead along with security deposit. 2. Timely payment is the biggest thing. 3. Do not close an unused credit card, use it on a limited basis. Then pay off ALL of balance each month.

When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

Description : When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

Last Answer : My loans were like a car payment, if I remember correctly. But have you ever deferred any of your loans or ever had them in forbearance? Depending on the type of loans you have, that would effect the total amount ... to pay them off. Ugh! Can't tell you how glad I am that that's over and done with.

Where can I get a loan to purchase a business, even though I have bad credit at the moment?

Description : Where can I get a loan to purchase a business, even though I have bad credit at the moment?

Last Answer : Even small businesses with great credit and history of success are finding it hard to get a loan right now. I would be surprised if you can get the loan. And if the seller has any sense, s/he will put ... down payment cannot be borrowed. I hate to be so negative, but that's the facts as I see them.

What does a credit score of 816 actually mean?

Description : What does a credit score of 816 actually mean?

Last Answer : 816 is very high, I think the highest is 850. You should have no problem getting a loan or a credit card or an apartment, or whatever you want. I am shocked that is considered a B rating. Any score ... Or, a credit card you no longer use might have some crazy $35 charge on it you are not aware of.

Where should I open Credit card?

Description : Where should I open Credit card?

Last Answer : why do you think you should open one at all? If you already have one, why do you want/need another? If it’s because the Capital One card is maxed out, you do NOT want another. Fix your lifestyle so that you can get out of debt, do not accumulate more!

Can a private loan company call my friends?

Description : Can a private loan company call my friends?

Last Answer : I don’t think it’s legal. They have nothing to do with your loans. You can check with a attorney though for next course of action.

Is taking out a HELOC a good idea?

Description : Is taking out a HELOC a good idea?

Last Answer : Perhaps you’d tell us what a HELOC is.

Can you go to jail if you can't pay back loans, such as student loans?

Description : Can you go to jail if you can't pay back loans, such as student loans?

Last Answer : No, you can’t go to jail. You may end up bankrupt, and you may be in debt for a long time. But you won’t go to jail.

Are my estimated closing-costs too high?

Description : Are my estimated closing-costs too high?

Last Answer : This seems very high. I’ve bought 3 homes in my lifetime and refinanced a few times (am in the process of refinancing right now) and I’ve never paid more than 2,500 in closing costs.

Does this mortgage payment sound realistic?

Description : Does this mortgage payment sound realistic?

Last Answer : What’s the amortization? If you’re working with a mortgage broker then you should be able to trust what he says your payments will be as long as your ok with the amortization.

Which available method should I use to pay for this class I'm taking?

Description : Which available method should I use to pay for this class I'm taking?

Last Answer : answer:Girl friend. Absolutely. Cheapest form of money. And you're good for it, right? Of course, you could maybe get a student loan somewhere. There may be grants, as well or other scholarships. If ... . Instead I had to borrow from my father. That was all right, but a girlfriend is even better.

Should I payback my student loan?

Description : Should I payback my student loan?

Last Answer : answer:I am always in favor of paying off date. What I would do is save save save save. Continue to pay the $116, and then when you have $20K+ in the bank, pay off the loan (It will be lower by then) and start looking for a house while you continue saving. @johnpowell What are you talking about?

Can I legally cancel a loan contract?

Description : Can I legally cancel a loan contract?

Last Answer : answer:Not really, unless there is a clause, in the contract, that allows this. Read the fine print.

Can someone buy a house in America if they only come here on a visitors visa?

Description : Can someone buy a house in America if they only come here on a visitors visa?

Last Answer : Anyone can buy a house in America, even if they never step foot in this country. Lenders will loan money to anyone they believe will pay it back, so all anyone needs is proof they can repay a loan, or better yet, most foreign investors simply pay in cash.

Help on getting a loan returned from a good friend?

Description : Help on getting a loan returned from a good friend?

Last Answer : Stacy, you know I’m not in the best of times right now, I could really use some money I loaned you a while back. If it doesn’t go as planned, just laugh about it and ask someone else :p

Question about refinancing...

Description : Question about refinancing...

Last Answer : he has no incentive to report you but she may not be able to do the re-fi. You used to have to give all this info years ago, then everything got loose. It’s now tightening back up.

What are some options for paying (off) school loans?

Description : What are some options for paying (off) school loans?

Last Answer : You could ask your parents to pay for it and then they wouldn’t charge you interest.

Is there an easy credit card to obtain?

Description : Is there an easy credit card to obtain?

Last Answer : Probably capital one. They approve everyone haha

How to Obtain a Credit Card with Bad Credit?

Description : How to Obtain a Credit Card with Bad Credit?

Last Answer : Bad credit can put a damper on a lot of major life decisions. It can prevent loans from coming through, ruin chances at dream jobs and in some cases, prevent people from obtaining new credit cards. ... a bank or savings institution that is smaller and more localized, it is easier for them to be more

How can I obtain a home depot credit card for my self?

Description : How can I obtain a home depot credit card for my self?

Last Answer : You can get the card directly from the website or with a representative in Home Depot. You can go on http://www.homedepot.com/webapp/wcs/stores/servlet/ContentView?pn=About_The_Home_Depot_Credit_Card&langId=-1&storeId= ... , and you can see the phone numbers to contact to sign up for a credit card.

How can I obtain my three credit reports?

Description : How can I obtain my three credit reports?

Last Answer : You can obtain your three credit scores by going to a bank or financial center and having them figure it our for you. You could also go to freecreditscore.com and they will calculate them for you.

___________ is basically charged when a person uses a credit card to obtain cash. A. Early Repayment Charge B. Redemption Fee C. Transaction Fee D. Cash Advance Fee

Description : ___________ is basically charged when a person uses a credit card to obtain cash. A. Early Repayment Charge B. Redemption Fee C. Transaction Fee D. Cash Advance Fee

Last Answer : D. Cash Advance Fee Explanation: A cash advance fee is a charge that a credit card issuer charges a customer for accessing the cash credit line on his or her account, either through an ATM, convenience check or at a bank‘s teller window.

Shouled teenagers be required to get their parents' permission to obtain birth control information and contraceptives?

Description : Shouled teenagers be required to get their parents' permission to obtain birth control information and contraceptives?

Last Answer : No. Requiring teenagers to get parental consent for birth control information and contraceptives will not stop the spread of teen pregnancy and STD infection. More likely, it will increase it.

Name the raw materials required for photosynthesis. How do plants obtain these raw materials ? -Science

Description : Name the raw materials required for photosynthesis. How do plants obtain these raw materials ? -Science

Last Answer : The raw materials for photosynthesis are carbon dioxide and water. The green plants take carbon dioxide from air for photosynthesis. The carbon dioxide gas enters the leaves of the plants ... the xylem vessels to the leaves where it reaches the photosynthetic cells and utilized in photosynthesis.

10.(a) An ore on treatment with dilute hydrochloric acid produces brisk effervesces. What type of ore is this? What steps will be required to obtain metal from the enriched ore. , (b) Copper coin is kept immersed in silver nitrate solution for some time. What change will take place in coin and colour of the solution ? Write balanced chemical equation of the reaction involved. -Chemistry

Description : 10.(a) An ore on treatment with dilute hydrochloric acid produces brisk effervesces. What type of ore is this? What steps will be required to obtain metal from the enriched ore. , (b) ... in coin and colour of the solution ? Write balanced chemical equation of the reaction involved. -Chemistry

Last Answer : (a) Carbonate ore: (i) Calcination: Carbonate ore is heated in limited supply of air and oxide is obtained, e.g. (b) Copper, being more reactive than silver will displace silver from silver nitrate ... and there will be deposition of silver on copper coin. The colour of solution will turn to blue.

The enzymes required to obtain wall-free/naked protoplasts are

Description : The enzymes required to obtain wall-free/naked protoplasts are

Last Answer : The enzymes required to obtain wall-free/naked protoplasts are A. Cellulase and proteinase B. ... . Cellulase and amylase D. Amylase and pectinase

does medicare cover a PET scan CT scans done & were inconclusive .s Additional testing is required to obtain a diagnosis ?

Description : does medicare cover a PET scan CT scans done & were inconclusive .s Additional testing is required to obtain a diagnosis ?

Last Answer : Yes Medicare does cover PET scans but only under the following 5 related applications: 1.Solitary Pulmonary Nodule 2.Staging of lung cancer. 3. Staging of Lymphoma. 4. Staging of Melanoma and ... cancer. In your case that a diagnosis is still inconclusive Medicare will not cover the test.

What type of education is required to obtain a locksmith license?

Description : What type of education is required to obtain a locksmith license?

Last Answer : The skills and requirements needed to become a locksmith vary greatly from state to state across the US. There isn't one definitive answer to this question. In Texas for example a full two year apprenticeship under ... e. "Mike's Locksmith Services") , pay a fee of $20-$50 to get a locksmith license

What courses are required to obtain a teaching certificate?

Description : What courses are required to obtain a teaching certificate?

Last Answer : Each state sets its own requirements for certification, but most require teachers to have earned a bachelor's degree from an accredited college and most require teachers to pass a state- ... of credentials for teachers and varying certifications based on the age group or subject area taught.

What is the required testing that must be completed and passed in order to obtain a Class A CDL license?

Description : What is the required testing that must be completed and passed in order to obtain a Class A CDL license?

Last Answer : You have to have a basic license and pass a vision, age and fitness test and a CDL knowledge exam. There is a permit period of 6 months up to two years. You can find out more informaiton here: http://www.transportation.wv.gov/dmv/Commercial/Pages/default.aspx

The average time required to reach a storage location in memory and obtain its contents is called_____. A. Latency time. B. Access time. C. Turnaround time. D. Response time.

Description : The average time required to reach a storage location in memory and obtain its contents is called_____. A. Latency time. B. Access time. C. Turnaround time. D. Response time.

Last Answer : B. Access time.

The purpose of resistor bank 'R1-R5' in the winch circuit shown in the illustration is to ______________. EL-0102 A. limit armature current in lower and 'series field' current in hoist to obtain required speeds B. divert shunt field current for speed control in both directions of operation C. limit armature current in hoist and 'series field' current in lower to obtain required speeds D. regulate the strength of the brake solenoid 'B1-B2' in both directions of operation

Description : The purpose of resistor bank 'R1-R5' in the winch circuit shown in the illustration is to ______________. EL-0102 A. limit armature current in lower and 'series field' current in hoist to ... required speeds D. regulate the strength of the brake solenoid 'B1-B2' in both directions of operation

Last Answer : Answer: C

Large cable sizes are formed as individual conductors that may be comprised of several smaller strands to __________. A. obtain the flexibility required for easy handling B. reduce the overall weight of the wire run C. reduce the number of supports needed for a horizontal overhead run D. all of the above

Description : Large cable sizes are formed as individual conductors that may be comprised of several smaller strands to __________. A. obtain the flexibility required for easy handling B. reduce the overall weight of the ... . reduce the number of supports needed for a horizontal overhead run D. all of the above

Last Answer : Answer: A

Mark the correct option relating to Village postman book a) Village postman book is form 86 should be kept by each village postman b) Before proceeding on his beat, the village postman must enter in it the date and day of the week on which he leaves the post office and the names of all villages that he required to visit. c) As each village is visited, the village postman should obtain the signature of the Headman or other responsible person with date and time.. d) All the above

Description : Mark the correct option relating to Village postman book a) Village postman book is form 86 should be kept by each village postman b) Before proceeding on his beat, the village postman must enter in ... the signature of the Headman or other responsible person with date and time.. d) All the above

Last Answer : d) All the above

A professional accountant may be associated with a tax return that a. Contains a false or misleading statement. b. Contains statements or information furnished recklessly or without any real knowledge of whether they are true or false. c. Omits or obscures information required to be submitted and such omission or obscurity would mislead the revenue authorities. d. Uses of estimates if such use is generally acceptable or if it is impractical under the circumstances to obtain exact data

Description : A professional accountant may be associated with a tax return that a. Contains a false or misleading statement. b. Contains statements or information furnished recklessly or without any real ... use is generally acceptable or if it is impractical under the circumstances to obtain exact data

Last Answer : Uses of estimates if such use is generally acceptable or if it is impractical under the circumstances to obtain exact data

The firm should obtain written confirmation of compliance with its policies and procedures on independence from all firm personnel required to be independent by the Code of Ethics at least: a. Annually b. Every 3 years c. Every 2 years d. Every 5 years

Description : The firm should obtain written confirmation of compliance with its policies and procedures on independence from all firm personnel required to be independent by the Code of Ethics at least: a. Annually b. Every 3 years c. Every 2 years d. Every 5 years

Last Answer : Annually

An auditor is required to obtain a basic understanding of the client's internal control to plan the audit. The auditor may then decide to perform tests of controls on alinternal control procedures a. That would aid in preventing fraud. b. Documented in the flowchart. c. Considered to be weaknesses that might allow errors to enter the accounting system. d. Considered to be strengths for which the auditor desires further reduction in the assessed level of control risk.l

Description : An auditor is required to obtain a basic understanding of the client's internal control to plan the audit. The auditor may then decide to perform tests of controls on all internal control ... to be strengths for which the auditor desires further reduction in the assessed level of control risk.

Last Answer : Considered to be strengths for which the auditor desires further reduction in the assessed level of control risk.

In the planning stage of an audit engagement, the auditor is required to perform audit procedures to obtain an understanding of the entity and its environment, including its internal control. These procedures are called a. Substantive tests b. Tests of controls c. Risk assessment procedures d. Dual-purpose tests

Description : In the planning stage of an audit engagement, the auditor is required to perform audit procedures to obtain an understanding of the entity and its environment, including its internal control. These ... a. Substantive tests b. Tests of controls c. Risk assessment procedures d. Dual-purpose tests

Last Answer : Risk assessment procedures

Before accepting an engagement to audit a new client, a CPA is required to obtain a. An understanding of the prospective client’s industry and business. b. The prospective client’s signature to the engagement letter. c. A preliminary understanding of the prospective client’s control environment. d. The prospective client’s consent to make inquiries of the predecessor auditor, if any.

Description : Before accepting an engagement to audit a new client, a CPA is required to obtain a. An understanding of the prospective client's industry and business. b. The prospective client's signature to ... . d. The prospective client's consent to make inquiries of the predecessor auditor, if any.

Last Answer : The prospective client’s consent to make inquiries of the predecessor auditor, if any.

When performing a compilation engagement, the accountant is required to a. Make inquiries of management to assess the reliability and completeness of the information provided. b. Assess internal controls. c. Verify matters and explanations. d. Obtain a general knowledge of the business and operations of the entity.

Description : When performing a compilation engagement, the accountant is required to a. Make inquiries of management to assess the reliability and completeness of the information provided. b. Assess internal controls. ... explanations. d. Obtain a general knowledge of the business and operations of the entity.

Last Answer : Obtain a general knowledge of the business and operations of the entity.

What is the total feed required to obtain marketable weight in broiler (chicken raised for meat)? a. 3.5 Kg b. 7.2 Kg c. 2.5 Kg d. 6.5 Kg

Description : What is the total feed required to obtain marketable weight in broiler (chicken raised for meat)? a. 3.5 Kg b. 7.2 Kg c. 2.5 Kg d. 6.5 Kg

Last Answer : a. 3.5 Kg

What is the total feed required to obtain marketable weight in broiler (chicken raised for meat)? a. 3.5 Kg b. 7.2 Kg c. 2.5 Kg d. 6.5 Kg

Description : What is the total feed required to obtain marketable weight in broiler (chicken raised for meat)? a. 3.5 Kg b. 7.2 Kg c. 2.5 Kg d. 6.5 Kg

Last Answer : a. 3.5 Kg

The preparation of surface of stone to obtain plain edges or to obtain stones of required size and shape is known as (A) Quarrying of stones (B) Blasting of stones (C) Seasoning of stones (D) Dressing of stones

Description : The preparation of surface of stone to obtain plain edges or to obtain stones of required size and shape is known as (A) Quarrying of stones (B) Blasting of stones (C) Seasoning of stones (D) Dressing of stones

Last Answer : Answer: Option D

n a chemical factory where dyes are made, wet cake at 30 OC consisting of 60% moisture is put in a dryer to obtain an output having only 5% moisture, at atmospheric pressure. In each batch about 120 kgs of material is dried. a. The quantity of moisture removed per batch. b. What is the total quantity ( sensible & latent) of heat required to evaporate the moisture, if the latent heat of water is 540 kcal/kg at atmospheric conditions, Ignore heat absorbed by the solids c. Find the quantity of steam required for the drying process (per batch), if steam at 4 kg/cm2 is used for generating hot air in the dryer and the dryer efficiency is 80%. Latent heat of steam at 4 kg/cm2 is 520 kcal/kg.

Description : n a chemical factory where dyes are made, wet cake at 30 OC consisting of 60% moisture  is put in a dryer to obtain an output having only 5% moisture, at atmospheric pressure. In  each batch about 120 ... dryer and the dryer efficiency  is 80%. Latent heat of steam at 4 kg/cm2 is 520 kcal/kg.

Last Answer : Given that   Qty of material dried per batch - 120 Kgs  Moisture at inlet - 60% a. The quantity of moisture removed per batch.  Water quantity in a wet batch - 120 x 0.6 = 72 Kgs.  Quantity of bone dry ... - 48/0.95 = 50.5 Kgs.  Equivalent water in a dry batch - 50.5 - 48 = 2.5 Kgs.