I’m working on a finance discussion question and need support to help me understand better.
In this discussion, you will have an opportunity to make connections between your prior knowledge and the new content you are learning this week. Use your results from this week’s Build Your Proficiency diagnostic to provide context for your prior knowledge and consider the new content about consumer credit, credit reports, and purchasing a home and car as you respond to this discussion prompt.
- Knowing a credit score will be used in most credit decisions, what advice would you offer about how to build and maintain a positive credit history?
- The Five C’s may be used in major credit decisions. Which two do you think would be most important? Why?
- Identify one concept from the Build Your Proficiency diagnostic from Chapters 5 and 6 that you scored lowest in. How might this concept be important to your personal finances? Why would you want to know more about this? I scored lowest on consumer credit and staying in budget while purchasing a vechile.