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need part C A potential home buyer is wondering about her credit card accounts and the effect that they may have on her credit score
need part C
A potential home buyer is wondering about her credit card accounts and the effect that they may have on her credit score which will be evaluated when she apples for a mortgage loan. At present, she has three accounts with credit limits and balances outstanding as follows: She would like to transfer the balance in account 12 to account 13 in order to save the membership fee and because the interest charges for account 12 are higher than the others. If she does this account #2 would be closed. Outstandingan $3,600 Recount (2) (23 (3) Tante 85.000 10.000 15,000 5.600 8.600 Required: a. How much credit capacity Is she currently using? b. If she cancels account #2 and transfers the balance to account 13, what will be the capacity used now? c. After the transfer, how much would an increase in the total credit limit have to be in account 13 to restore the total capacity used in all accounts prior to the transfer? ts Required: a. How much credit capacity is she currently using? b. If she cancels account #2 and transfers the balance to account 13, what will be the capacity used now? c. After the transfer, how much would an increase in the total credit limit have to be in account #3 to restore the total capacity used in all accounts prior to the transfer? ebook print ferences Complete this question by entering your answers in the tabs below. Required A Required a Required After the transfer, how much would an increase in the total credit limit have to be in account to restore the total capacity used in all accounts prior to the transfer? Tot im 24.768 Rou Step by Step Solution
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