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September 21, 2014

Homework Help: composition and communication 1

Posted by carrie on Sunday, June 26, 2011 at 7:26pm.

Indiviuals can be denied credit for a number of reasons, Individuals who are near limit on existing cards, have to much outstandind debt or too many accounts overall, have a history of a late payments, charge off or bankruptucy are likely to be denied credit. Individuals denied credit, by law, willrecieve a letter documenting the reason for the denial under the fair credit reporting act. Individuals who recieve that letter should then examine the reaSON FOR THE DENial and make efforts to correct their credit. #5 Avoiding and managing debt is hard things cost so much that its hard not to spend more tham you make. The bills pile up, the utilities cost alot and going to the grocery store is expensive too. Then once those bills are paid, someone in the family gets hurt and needs to go to the doctor, or an unexpected bill comes in like car tags or something we are told to just use cash and not use credit cards to help stay out of debt.Whos going to pay those extra monthly bills if iyts not the credit cards? Avoiding and managing is too hard.

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