Question

Jack bought a house and received a low interest rate because he had “good credit.” What is the meaning of “good credit”?
A. Jack has enough debt to make him pay.
B. Jack has not made many big purchases.
C. Jack has a lot of money in the bank.
D. Jack has a history of paying bills on time

Answer 1

do you know what credit is and how it works

Answer 2

no

Answer 3

i have to go

Answer 4

ok credit is bills like how your parents pay bills on the house/apartment you live in their cars and stuff when you pay that on time your credit goes up and banks trust you more so by that what is the answer

Answer 5

A qualification of an individual's credit history that indicates that the borrower is a safe credit risk. A high credit score is an indicator of good credit, while a low credit score indicates bad credit. An individual's credit history is dependent on a number of factors, including the amount borrowed, the amount of available credit remaining and the timeliness of payments.

Answer 6

ya i didnt want to get complex im to lazy lol

Answer 7

I think the answer is A.

Answer 8

it wouldnt be a because if they were in debt they would have a bad credit

Answer 9

you want payment but you dont want debt as that would make your credit go down because you wouldnt have paid your bills on time

Answer 10

Well either B or A.

Answer 11

C is out... completely.

Answer 12

paying bills on time would make your credit go up so it is d.

Answer 13

a is out completely because he had to pay his bills on time if they have anything other then d they do not know what they are talking about

Answer 14

Wait, I'm stupid. I see what you mean.

You probably need to make sure that you can afford to pay back your loan. And take time to go into account the fact that interest rates can change over time. If you're forced to foreclose on your home, your credit will plunge even worse than it was before you started. Before taking a high-risk loan, consider simply repairing your credit profile through a few years of financial responsibility

Answer 15

I'd go with D. good credit. He payed his loans and debts back on time. Giving him an affordable low interest rate.

Answer 16

yep if you were in debt it would mean you had bad credit a is out of question b is out of question because he just put it in 1 payment it would not show he is reliable on making payments on time it just shows he can pay for something all at once c is out of question because having money in your bank wont help you if you aren't spending it to show you can make steady payment so that being said the only available option is d

Answer 17

I agree.