Business, 09.03.2021 21:30 kaelycaetano66

Please can you help me with this it is due today. 5. Describe a real or made up but realistic situation in which you would want to use revolving credit. (2-4 sentences)

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(Score for Question 6: _ of 2.0 points)
6. If you had no credit history yet but wanted to establish one, describe what you could do in order to establish a credit history. (3-6 sentences)

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(Score for Question 7: _ of 2.0 points)
7. Describe two things you can do to make sure you use credit responsibly. Explain why these things are important. (2-4 sentences)

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(Score for Question 8: _ of 1.0 points)
8. If you were old enough to get a credit card but unable to get one because you didn't have enough of a credit history, which of the alternate options for establishing credit would you prefer to use? Why? (2-4 sentences)

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(Score for Question 9: _ of 2.0 points)
9. Imagine that you have a friend who is struggling financially and is trying to choose a credit counseling service. Visit the FTC website here http://www. consumer. ftc. gov/articles/0153-choosing-credit-c ounselor to learn about what questions to ask, and then make a list of at least four questions your friend should ask the credit counseling service. (3-6 sentences)

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(Score for Question 10: _ of 2.0 points)
10. Visit the website for a large bank or credit card company, and learn about a type of credit card being offered by the company. Describe at least four features of the card and where you got this information. (3-6 sentences)

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(Score for Question 11: _ of 2.0 points)
11. Visit the website for a second large bank or credit card company, and learn about a similar type of credit card being offered by this company. Describe at least two differences between this credit card offer and the one from question 10 above. Which offer would you be more likely to choose? Why? (3-6 sentences)

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(Score for Question 12: ___ of 1.0 points)
12. Describe a real or made up but realistic example of a time when you might apply for a loan. (2-4 sentences)

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