Describe the services provided by a credit service such as Experian, Equifax, and Transunion. How are these services provided?
Bottom-up and top-down are the traditional approaches to estimating project budgets. Constrast the strengths of bottom-up and top down approaches to project budgeting.© BrainMass Inc. brainmass.com December 20, 2018, 9:37 am ad1c9bdddf
Thanks for your question!
To understand the services that credit unions provide, we first need some background on credit. Banks make loans based on how "risky" they think a borrower is. If there is a lower probability that a person will pay back their loan, the bank will charge that person a higher interest rate compared to another borrower who always paid his previous loans on time. There are certain activities that have been shown to indicate that a borrower has a lower chance of paying back their loan. These activities include maxing out credit cards, missing payments on other loans, or filing bankruptcy. A credit report contains information about all of these activities.
Credit Reporting Services provide information to banks about borrowers. The 3 ...
Description of services provided by Credit Reporting Agencies Experian, Equifax, and Transunion.
Description of the strengths of bottom-up and top down approaches to project budgeting.
Complete descriptions with 500-word MS Word doc.