Question

After a bankruptcy procedure is completed, when can you start rebuilding your credit?(1 point) Responses three years three years ten years ten years seven years seven years right away
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You should hire a lawyer to help you through which process?(1 point) Responses both Chapter 7 and Chapter 13 bankruptcy both Chapter 7 and Chapter 13 bankruptcy Chapter 13 bankruptcy Chapter 13 bankruptcy neither Chapter 7 nor Chapter 13 bankruptcy neither Chapter 7 nor Chapter 13 bankruptcy Chapter 7 bankruptcy
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As Attorney General, how did Vice President Kamala Harris help California homeowners?(1 point) Responses She won a $1.1 billion settlement for California students and veterans who were taken advantage of by a for-profit education company. She won a $1.1 billion settlement for California students and veterans who were taken advantage of by a for-profit education company. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on. She paid off the mortgages for all California homeowners. She paid off the mortgages for all California homeowners. She raised the credit scores for all California homeowners.
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Which is the most important factor that FICO uses to determine your credit score?(1 point) Responses payment history payment history credit mix credit mix new credit new credit amount owed
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Which is true about credit card repayment?(1 point) Responses You must pay the balance in full each month or your account will go to collections. You must pay the balance in full each month or your account will go to collections. You must pay the balance in full each month or the APR will go up. You must pay the balance in full each month or the APR will go up. You must pay the balance in full before the grace period ends if you want to avoid paying interest You must pay the balance in full before the grace period ends if you want to avoid paying interest You must pay the balance in full each month or the bank will take the card away.
Answer
What is true about the length of a loan’s term? (1 point) Responses The longer the term, the fewer payments you will make. The longer the term, the fewer payments you will make. The longer the term, the more you will pay in interest. The longer the term, the more you will pay in interest. The longer the term, the higher the interest rate will be. The longer the term, the higher the interest rate will be. The longer the term, the more fees you will be charged.
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You are looking at two loans for the same amount over the same length of time. Which is true about the loan with the lower APR?(1 point) Responses It will be paid off sooner. It will be paid off sooner. It will cost you less money overall. It will cost you less money overall. It will probably have higher monthly payments. It will probably have higher monthly payments. It will probably have a higher interest rate.
Answer
Which of the following is true of interest? (1 point) Responses It is a percentage of the total cost of the loan. It is a percentage of the total cost of the loan. It is calculated only once, when you first take out the loan. It is calculated only once, when you first take out the loan. It is expressed as the APR of a loan. It is expressed as the APR of a loan. It is a percentage of the amount of the principal you have not yet paid back.
Answered by GPT 3.5
right away
Answered by GPT 3.5
both Chapter 7 and Chapter 13 bankruptcy
Answered by GPT 3.5
She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
Answered by GPT 3.5
payment history
Answered by GPT 3.5
You must pay the balance in full before the grace period ends if you want to avoid paying interest.
Answered by GPT 3.5
The longer the term, the more you will pay in interest.
Answered by GPT 3.5
It will cost you less money overall.
Answered by GPT 3.5
It is a percentage of the amount of the principal you have not yet paid back.