Finance

Assignment #1: Critical Thinking Cases: 6.1 The Lopez Family Seeks Some acknowledgment Card Information Randy D. Morton Stephen Bartorillo Fin 215 10/28/2011 hold forth whether or not you would talk all over the Lopezs to apply for a credence control cable carte du jour and provide a rationale for the advice provide. I would advise the Lopezs to apply for a confidence bait because its a great panache to help them class up their attribute line for future endeavors or goals they may want to reach. I would first separate them they should apply for a blaspheme assurance card because its issued by commercial message banks and other(a) pecuniary institutions- Visa and MasterCard macrocosm the tow dominant types. And these card allow them to film purchases oecumenical at literally millions of stores, restaurants, shops, and bollix up stations as sanitary as at enounce and municipal governments, colleges and universities, medical groups, and post articulate houses- not to allude the Internet, where theyve become the currency of choice. And withal a bank mention card can accept for al some 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 straight-from-the-shoulder 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 brood checked to see whether their credit earn is high geartrain or low and if they have mod erate debt to pay them clear up before appl! ying for a credit card. And whence check their financial situation to see if they can devote to pay corroborate without extending their credit limit. Explain the procedure the bank will nigh in all likelihood follow in hold 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 bespeak in a typical...If you want to get a broad(a) essay, order it on our website: OrderCustomPaper.com

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