What does APR stand for? What is APR used for? Why would that be important for you to understand? Explain.
ARP-annual percentage rate.You may have seen the term APR, or annual percentage rate, used in reference to everything from mortgages and auto loans to credit cards. In this piece, we look at credit card APRs—which you’ve probably seen listed on your monthly statements. Knowing what an APR is, how it’s calculated and how it’s applied can help you make more informed credit card decisions.
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Do you understand now how to read your credit report? Explain why or why not.
Kinda I get the concept. it just a lot of works . if I sit down and focus I can. What should you DO and NOT DO to keep your credit rating as high as possible? Explain.
Making sure you pay you bills on time.DO not buy something you cant pay for or cant afford. Why are credit scores important? Explain. Why are they checked? Explain.
so you know to sell to. you need to sell to some one with good credit. then you have a good chance of getting money back. Do you know anything about credit scores yet? Explain.
credit scores effect your purchases. if you have a bad one people wont let you buy houses or cars or anything that cause a lot of money. but if its good they will lert you buy it. Which consequences would be the hardest for you personally if you had to file for bankruptcy? Explain. Which Chapter do you think would be the best for you as an individual? Why?
not having money is the hardest consequence. Chapter 9: Chapter 9 may only be applied to municipalities such as cities or towns and allows for their reorganization What are the different types (chapters) of bankruptcy? List & explain. Which ones are for individuals? Which ones are for businesses?
Individuals may file Chapter 7 or Chapter 13 bankruptcy, depending on the specifics of their situation. chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or principal assets. A chapter 13 case begins by filing a petition with the bankruptcy court serving the area where the debtor has a domicile or residence. Unless the court orders otherwise, the debtor must also file with the court: (1) schedules of assets and liabilities.Bankruptcy remains on your credit report for 7 to 10 years, depending upon which chapter of bankruptcy you file under. For example, Chapter 7 (the most common) is on your credit report for 10 years, while a Chapter 13 filing (second most common) is there for seven years. What do you already know about bankruptcy? Explain.
bankruptcy is when you run out of money. you don't have money to pay for anything. lots of people go bankruptcy. How do you feel now that you have finished (or almost finished) this project? Explain. What did you learn? What was easy for you? What was difficult for you? Explain.
I feel good I finished. I learned that I need to get a good paying job.it was easy for me to adjust the money. adjusting the money for minimum wage was difficult. Yesterday, we completed Part 3. How hard was it to adjust your budget to meet your different paycheck amounts ($910, $1213, &1820)? Explain. Which were the hardest? Why? Which were the easiest? Why?
it was hard b/c I used every bit of my money. 910 was the hardest to make due with. the easiest to MAKE DUE WITH WAS 1820 B/C IT COVERED EVYTHING I NEED. |
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March 2017
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