Three things that the couple should find out. Are there large up-front fees? Is the agency accredited? How much of each payment goes to the agency?
- The interest rates and credit limits set for a borrower based on a credit card company's underwriting and issuance are referred to as upfront pricing.
- At the beginning of the relationship with a customer, creditors use automated technology to establish all of the pricing terms.
- The credit limit and interest rate are two examples of upfront pricing elements for credit cards.
- The approach used for upfront pricing is a risk-based pricing methodology, which the credit market uses to determine prices for different loan products, such as credit cards and auto loans, for instance.
- Credit cards employ the risk-based pricing mechanism known as upfront pricing.
Learn more about Credit, here
https://brainly.com/question/1475993
#SPJ4
Complete question:
A couple finds that they are experiencing debt problems and decide to find a credit counseling agency. What are three (3) things that the couple should find out about an agency before they allow the agency to represent them?
