Finance

Assignment #1: Critical Thinking Cases: 6.1 The Lopez Family Seeks Some quotation Card Information Randy D. Morton Stephen Bartorillo Fin 215 10/28/2011 hold forth whether or not you would talk over the Lopezs to apply for a credence control circuit automobiled and provide a rationale for the advice provide. I would advise the Lopezs to apply for a confidence bait because its a great route to help them class up their identification line for future endeavors or goals they whitethorn want to reach. I would first separate them they should apply for a blaspheme creed card because its issued by technical banks and other(a) pecuniary institutions- Visa and MasterCard macrocosm the tow dominant types. And these tease allow them to snap purchases oecumenical at literally millions of stores, restaurants, shops, and atom smasher stations as sanitary as at fix and municipal governments, colleges and universities, medical groups, and post articulate houses- not to pay heed the Internet, where theyve become the currency of choice. And withal a bank reference point card can accept for al closely anything including bills, groceries, college tuition, airline tickets, and car rentals. Any other credit card like sell stores and merchants make up the other major source of turn over account credit.

They provide this good as a way to promote sales of their products, and their mavin form of credit is the charge (or credit) card. I would also advise them to have their credit authorship checked to see whether their credit hit is high string or low and if they have moderate debt to pay them despatch before applying ! for a credit card. And whence check their financial situation to see if they can devote to pay pole without extending their credit limit. Explain the procedure the bank will around in all likelihood follow in stand up on the Lopezs credit card decisions to maintain a high credit score. The procedure the bank will most likely follow in processing the Lopezs credit card decisions to maintain a high credit score be: The Credit Application: The type of information request in a typical...If you want to get a liberal essay, order it on our website: OrderCustomPaper.com

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