Question
1. Good versus Bad Debt. Is there such a thing as good debt, what types of debt do you consider to be good? What types
1. Good versus Bad Debt. Is there such a thing as good debt, what types of debt do you consider to be "good"? What types do you consider to be "bad"?
2. Are you considered a default risk? How would a lender evaluate you based on "the five C's" of character, capital, capacity, collateral, and conditions? How could you plan to make yourself more attractive to a lender in the future?
3. Some credit cards offer reward points or 1 percent higher cash back reward for all purchases made on the card. How would you feel about using such a card to get those rewards with the intention of paying off the balance each month? Do you have one of these cards now?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started