Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Freddie enlisted in the navy right out of school and recently received his honorable discharge after 10 years as a submarine engineer. He is excited
Freddie enlisted in the navy right out of school and recently received his honorable discharge after 10 years as a submarine engineer. He is excited to start civilian life as a staff engineer at Advanced Technologies. He never had credit, however, and now needs his mother to co-sign a credit card application. Which is correct about having a co-signer for a credit card? The co-signed card is a great way for Freddie to begin to build a good credit history in a relatively short time. Freddie's mother would need to share part of her own credit limit to make credit avallable for Freddle's account, for a) relatively short period of time. Freddie's mother would pay for Freddie's account for a relatively short period of time. Freddie would need to reserve an amount in his savings account to provide collateral for the bank's credit limit, for a relatlvely short period of time
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