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A lender uses a credit report to _____. decide if the applicant is creditworthy decide whether they have enough collateral for a loan determine the applicant's net worth notify a loan applicant if they have been approved for the loan
Weegy: A lender will request a credit report from one of three credit reporting bureaus. This report will give the lender an idea about how likely you are to repay a loan on time and in full. (More)
Question
Expert Answered
Asked 5/20/2013 12:05:58 PM
0 Answers/Comments
List at least three responsibilities of consumers.
Weegy: 1) The right to basic goods and services, which guarantee survival. It includes adequate food, clothing, shelter, health care, education and sanitation. [ [ 2) The right to be protected against products, production processes and services which are hazardous to health and life. It includes concern for consumer's long-term as well as their immediate requirements. 3) The right to be given the facts needed to make an informed choice or decision. Consumer must be provided with adequate information enabling them to act wisely and responsibly. They must also be protected from misleading or inaccurate publicity material, whether included in advertising, labeling, packaging or by other means. ] ] (More)
Question
Expert Answered
Updated 5/21/2013 1:57:28 PM
1 Answer/Comment
Responsibilities of consumers:
Critical Awareness
The responsibility to be more alert and questioning about the price and quality of goods and services we consume.

Action
The responsibility to assert ourselves by acting to ensure that we get a fair deal As long as we remain passive consumers we will continue to be exploited and manipulated.

Social Concern
The responsibility to consider the impacts of our consumption patterns and lifestyles on other citizens especially the poor disadvantaged or powerless consumers whether they be in the local national or international community.

Environmental Awareness
The responsibility to realize the environmental costs and consequences of our consumption patterns and lifestyles. We should recognize our individual and collective social responsibility to conserve natural resources and to preserve earth for present and future generations.

Solidarity
The responsibility to come together and organize consumers in order to enhance the strength and influence required to promote and protect our interests.

Added 5/21/2013 1:57:28 PM
Bankruptcy is a process when a lender tries to obtain money from an individual's employer to pay an unpaid debt.
Weegy: It's true, [ Bankruptcy is a process when a lender tries to obtain money from an individual's employer to pay an unpaid debt. ***Bankruptcy offers an individual or business a chance to start fresh by forgiving debts that simply can't be paid while offering creditors a chance to obtain some measure of repayment based on what assets are available. ] (More)
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Expert Answered
Asked 5/21/2013 1:06:02 PM
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