What if you want to reduce amount of money spend monthly


Problem: Carson is a 35-year-old man with two credit cards, a car loan, and some money saved in a retirement account. He recently checked his FICO credit score and learned that it is 700. Which of the following best describes how a lender would view Carson's credit score? Group of answer choices The credit score is low according to the FICO system but Equifax would rate his credit as flawless. Since FICO scores range from 0 to 1,000 Carson is well above average. Carson is considered an average borrower by most lenders as the FICO score range is 300 to 850. Carson's score is dangerously low and he may need to declare bankruptcy to get a fresh start. What is a good exercise that you can perform if you want to reduce the amount of money that you spend each month? Group of answer choices Stop at a gourmet coffee shop each day to buy coffee and think about your spending. Avoid using cash for your payments and put all of your expenses on a credit card. Use the ATM machine to withdraw large sums of cash out of your bank account each week. Keep a written record of your spending

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Accounting Basics: What if you want to reduce amount of money spend monthly
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