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8 Jan 2018

What can you do to build and maintain your credit rating?

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Casey Durgan
Casey DurganLv2
8 Jan 2018
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Related questions

Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $193,000 home if you put 20% down and financed the remaining with a 30-year mortgage at 6% interest compared to a 30-year mortgage at 3.5% interest?

https://www.youtube.com/watch?v=Kib-oqkKAk0

Please view this video.

What are the major credit rating agencies>

What is their role?

Whom do they rate ?

Who is their customer?

What is the legal status of their ratings?

How is the rating process different between corporate and sovereign bond debt ratings?

Compare the information presented in this video to the information presented in our textbook on credit rating agencies.

How do credit rating agencies rate the debt of the state of New Jersey?

A good friend comes to you and says they have just learned that something called a credit rating on corporate bonds they own has just been lowered to a D rating. They are not sure what that means, but it does not sound good. Explain the credit rating system and offer some advice to your friend about their situation.

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