Is it fair for creditors to continue reporting late payments after the payments have been made? What
Question:
Is it fair for creditors to continue reporting late payments after the payments have been made? What do you think about experts’ suggestion that people with credit blemishes write a sincere “goodwill” letter to creditors asking for compassion and requesting that the records of their late payments be erased?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Credit reporting and goodwill letters are somewhat complex topics Creditors typically report late pa...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Essentials Of Business Communication
ISBN: 9781285858913
10th Edition
Authors: Mary Ellen Guffey, Dana Loewy
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
It was 5:30 Friday afternoon, January 22, 2016. Bill Hall, the chairman and CEO of National Brands Inc. was clearing up the last of the papers on his desk and was looking forward to a relaxing...
-
Credit repair companies are notorious for making grand promises that they cant legally fulfill. The Federal Trade Commission has warned that none of those companies are legitimate. Experts say that...
-
How important it is to educate ourselves environmental issues impacting the future of tourism i.e., climate change The COVID-19 pandemic has changed the tourism industry forever and will impact our...
-
Lynn Price recently completed her MBA and accepted a job with an electronics manufacturing company. Although she likes her job, she also is looking forward to retiring one day. To ensure that her...
-
After paying $3 million for a feasibility study, Robert wrote a proposal with the following cash flow estimates for a 40-ye Installation: 510 million, Salvage: $1 million, Working capital investment:...
-
Are boys more likely? We hear that newborn babies are more likely to be boys than girls. Is this true? A random sample of 25,468 firstborn children included 13,173 boys.11 (a) Do these data give...
-
Define the phrase earnings management. Under what conditions, if any, is earnings management acceptable? Do auditors responsibilities include actively searching for instances of earnings management...
-
AU-C 260 stresses the importance of communication with those charged with governance. Who are those charged with governance? Discuss why it is important that the auditor communicate with them (and...
-
You work for JPM, Johnson Property Management, in Portland, Oregon. Your employer specializes in commercial real estate. Just yesterday one of your business tenants in the trendy NW 23rd neighborhood...
-
After you receive an unexpected bonus, you decide to indulge and buy a new HDTV. You conduct research to compare prices and decide on a Panasonic 42-inch Plasma HDTV Model TC-P42X1. You find a great...
-
Consider a bond that promises to pay $100 in one year. a. What is the interest rate on the bond if its price today is $75? $85? $95? b. What is the relation between the price of the bond and the...
-
Suppose that Angelina and Brad own the only two professional photography stores in town. Each must choose between a low price and a high price for senior photo packages. The annual economic profit...
-
based on the article How Chili's Is Prepping for Tough Times, Starting With the Fries by Heather Haddon. What is corporate social responsibility, and what is one way that Chili's can better pursue...
-
QUESTION 2 (20 marks) CLO 5 a. Explain what the following ratios indicate to a firm: (i) Acid Test Ratio (ii) Return on Capital Employed (ROCE) (iii) Debtors Collection Period (iv) Working Capital (2...
-
Lazlo s estimates uncollectible accounts to be 0 . 9 % of sales. Its year - end unadjusted trial balance shows Accounts Receivable of $ 1 1 2 , 5 0 0 and sales of $ 9 6 5 , 0 0 0 . If Lazlo s uses...
-
Identify one or two of the best and one or two of the worst work teams on which you served as a member. 1. Identify the top three to five factors that made the team the best or the worst in terms of...
-
Ibberson Co., the general contractor hired by AgGrow Oils, LLC, to design and build an oilseed processing plant, contracted with subcontractor Anderson International Corp. to supply critical seed...
-
Imagine that your best friend knows you are taking a psychology course and wonders what psychology is all about. How would you define psychology for your friend? Write an essay on the discipline of...
-
Name typical short informational reports and their overall purpose.
-
What should progress reports include?
-
When is the indirect strategy appropriate for justification/recommendation reports?
-
Cyrus is a tipped employee in Illinois. He is single with one withholding allowance and the minimum cash wage in Illinois is $4.95 per hour for a 40-hour workweek. The tip credit in Illinois is $3.30...
-
The account balances for a company are listed below. All balances are as of Dec. 31. 2017, except where noted otherwise Accounts Payable Accounts Receivable Salaries Payable Notes Payable (due...
-
Your Corporation uses activity-based costing to determine product costs. The company has provided the following data concerning its activity-based costing system: Activity Cost Pools(and Activity...
Study smarter with the SolutionInn App