What are the advantages of following a strict repayment schedule?

Answers

Answer 1
That mostly depends on the policies of the bank that gave you the loan but commonly they include things like better interest rates or account benefits or good reputation that could in the future be used for a new product from the bank or similar things that would get you to take a new loan.
Answer 2
Advantages of following a strict repayment schedule:Having a strict repayment schedule for the repayment of any type of loan is very beneficial for the borrower as it prevents an increase in interest, additional charges, etc. Repayment is a term associated with the payment of credit in the form of loans, credit bills, etc. Having a strict repayment schedule has various advantages:- Additional fees: Having a strict repayment schedule helps in preventing additional fees and other charges. Additional Interests: By adopting a strict repayment schedule we can avoid additional interests imposed by the banks and other financial institutions. Responsibility: Following a strict repayment schedule shows that the borrower is a responsible individual which can be beneficial in the long term.

Related Questions

If igneous rock is placed under conditions of extreme heat and pressure, which type of rock will it become?

A. Clastic

B. Extrustive

C. Metamorphic

D Igneous

Answers

c. metamorphic
just remember that metamorphic kinda sounds like magma which is hot rock
hope this helps!

The answer is C. Metamorphic

On an application, what is a positive way to present an honest picture of yourself?
A. Add extra computer skills that you plan to learn.
B. List that you were fired.
C. Use the term "personal reasons"
D. Say that you resigned from a job.

sorry for asking, I was stuck on this question

Answers

Final answer:

A positive way to present an honest picture of yourself on a job application is to say that you resigned from a job and highlight computer skills you plan to learn. Avoid using the term 'personal reasons'.

Explanation:

When presenting an honest picture of yourself on a job application, a positive way to do so is to state that you resigned from a job rather than saying you were fired. This shows that you took the initiative to leave on your own terms and can help prevent potential employers from viewing you in a negative light. Additionally, you can highlight any computer skills you plan to learn in the future as a way to show your dedication to self-improvement and growth in your career. This demonstrates that you are proactive and willing to acquire new skills. Avoid using the term 'personal reasons' as it can be vague and leave the employer with more questions than answers.

The best way to present an honest picture of yourself on an application is to say that you resigned from a job.

This is the most positive way to frame your departure, as it suggests that you were in control of your decision and that you left for a good reason. Using the term "personal reasons" is vague and can raise suspicion. It does not give a clear explanation for why you left your job, which can make potential employers wonder if you have something to hide.

So, Saying that you resigned from a job is the most honest and straightforward way to frame your departure. It suggests that you made a conscious decision to leave your job for a legitimate reason. This can make you look like a more responsible and reliable candidate.

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