Credit Cards
when does your credit card expire
many companies will just send you a new one before it expires
what factors affect credit score
payment history, amounts owed, credit history, etc.
can you pay your debt?
no gotta make money
the importance of closed end credit
can help you achieve important financial milestones like owning a home or car.
what was the shredded lobsters name
larry the lobster.
what do late payments do to your credit card
your issued due dates and interest builds up
what is a bad credit score
scores below 630 fall into the bad credit range
how does debt affect credit
Approximately 30% of your credit score is based on outstanding debt.
what is another name for closed end credit
installment loans or secured loans.
what does patrick live under
a rock
how many credit cards should one have to build good credit
two or three active credit card accounts, in addition to other types of credit such as student loans, an auto loan or a mortgage
what is a good credit score
690 and up is considered good
why is it important to know about credit and debt
A good credit score can impact multiple areas of your life, including your ability to rent or buy a house, job opportunities, loans, and more, so establishing a good credit score now will pay off in the future.
what are some examples of closed end credit
a home mortgage loan, a car loan, or a loan for appliances etc.
who is squidward
He hates Spongebob and he lives right next to him. Plus, he works at the Krusty Krab.
difference between business and personal credit cards
Business credit cards tend to come with higher credit limits than personal credit cards.
is a 900 credit score possible
no
Will my debt get so old that I don't have to pay it anymore?
The statute of limitations means creditors and debt collectors cannot sue you for old debt after a certain amount of time, but it's still in your best interest to pay all legitimate debts you owe. The average statute of limitation lasts between three and six years, but it can be as long as 10 years.
how does closed end credit work
the funds from closed-end loans are paid to borrowers upfront and must be repaid by a certain date.
where does the krabby patty come from
the krusty krab, the only home of the most famous sandwich ever.
what does APR stand for
APR stands for annual percentage rate. It is essentially the interest rate charged on a credit card balance
whats the credit score range
300 to 850
Can I be arrested for debt?
While debt collectors can no longer have you jailed or threaten to have you arrested for not paying your debts, there are a few instances in which you can be incarcerated with debt as the underlying cause. For example, a debt collector can sue you and, if you fail to comply with court orders, you could get jail time.
what is closed end credit
type of loan with a firm end date and fixed payment installments (Ex. mortgages, student loans, etc.)
what is sandy
a squirrel