Discussion Post: Credit Scores and Major Financial Decisions
• 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?
• Your friend is hoping to buy a home in the next few years. What should your friend know about the process of finding and paying for a new home? Then consider what you learned in the Wk 3 Learning Path video, "Demonstration Problem Video 6.5: Calculating an Affordable Home Price" in WileyPLUS. How would your friend determine what is affordable?
• 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?
• In the Learning Path, watch "Which is Better-Buying or Leasing a Car?" in WileyPLUS. Based on what you learned about car loans and leasing, which option would you choose for your next car? Why?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.