What steps should you take in reviewing your financial health in preparing to finance a car?
What will be an ideal response?
1. Review Your Credit Report - You want to know if your report indicates you have been paying on time and that your accounts are listed correctly. Make sure everything is correct and there are no errors.
2. Fix Any Mistakes on Your Credit Report - If there are mistakes on your credit report, you should have them fixed before searching for loans. These mistakes could lower your score and cost you thousands of dollars over the life of the loan ... or keep you from being qualified for the loan.
3. Check Loan Rates at the Bank or Credit Union You Currently Use - You already have a relationship with them and may be able to bundle the loan with other services you use. Sometimes the best rates are at the place you already use.
4. Check Loan Rates at Any Credit Union to Which You Could Belong - Since credit unions generally offer lower rates and more flexible terms, check into credit unions where you don't currently have a membership but may be eligible to join. Most credit union memberships are based on where you live or work.
5. Search Online Banking Resources - There are numerous online banks and sites that will give you rate comparisons. Make sure you have these numbers available, as they can at least be used to negotiate a better rate.
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Indicate whether the statement is true or false
Kelley borrows $3,000 from Paul and orally agrees to repay him in three annual installments. Most courts would hold:
a. the oral contract is unenforceable because it cannot be performed within one year. b. Article 2 of the UCC controls this loan. c. the oral contract is enforceable only through the doctrine of promissory estoppel. d. the oral contract is enforceable because Paul fully performed his obligation under the contract.
Which of the following is not a major category of factors that influence the consumer buying process?
A. Social B. Psychological C. Buying center D. Situational E. Both social and situational
A ________ is a major gateway through which employees, business partners, and the public can enter a corporate Web site
Fill in the blank(s) with correct word