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Name at least three consequences for excessive debt.
Weegy: Below are some common examples of the effects of having too much debt. Credit score About 1/3 of your credit score is based on how much debt you have. [ Having open accounts does not necessarily mean you will have a low credit score, making you a higher risk. However, owing money on several account will result in a lower credit score. Ability to obtain credit As mentioned, having too much debt will hurt your credit score. Lower credit ... (More)
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Expert Answered
Asked 4/9/2013 1:50:13 PM
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Grace makes $2,200 per month. She spends $300 on credit card payments, $120 per month for a furniture purchase, and $450 on an auto loan. Does she have excessive debt? yes no
Question
Not Answered
Updated 4/23/2013 6:39:21 AM
1 Answer/Comment
No, she doe not have excessive debt. $1,330 will be the amount she would have left.
Added 4/23/2013 6:39:21 AM
Kevin wants to create a graph to show how his investments and savings accounts have increased over the past year. What tool should he use? bill pay a spreadsheet online banking graphic software
Weegy: Kevin wants to create a graph to show how his investments and savings accounts have increased over the past year. What tool should he use? bill pay a spreadsheet (More)
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Expert Answered
Asked 4/10/2013 10:45:21 AM
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The rate of return is the money that is returned to you when you sell an investment? True False
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Updated 354 days ago|9/25/2013 1:00:13 PM
1 Answer/Comment
true
Added 354 days ago|9/25/2013 1:00:13 PM
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