Different types of credit
different types of credit For this assignment, you will write a three? page research paper in which you describe the different types of credit used by your manufacturing company. In this paper, please address the following questions: What types of credit does the company use and how are they managed? How would you measure the different forms of debt? What types of credit does the company extend to individuals and businesses and how are these managed? How would you measure the different forms of credit? How does the company?s level of debt and credit compare to other companies within the industry? What changes would you recommend? How could the company improve either its debt policies, credit policies, or both? . What types of credit does the company use and how are they managed? There are two general categories of credit that are used namely, open ended and close ended credit. Open ended credit is also referred to as revolving credit, this type of credit can be used repeatedly in making purchases that will be made monthly though the full amount that is due monthly is not required. The most common type of the revolving credit are credit cards, also home equity loans also fall in this category. Close ended credit is used to finance a specific goal or purpose for a specific amount of time. It?s also referred to as instalment loans because the customers are required to follow a regular payment schedule which includes the principal and the interest. To manage credit the company monitors the credit files and keeps them updated ? APA 865 words
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
