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It is important to shop around for credit because banks and financial institutions?
1 have varying credit histories. 2 charge different fees 3 follow different laws. 4 have varying discriminatory policies.

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Parrain

It is quite important to shop for credit at different financial institutions because they 2 charge different fees.

Similarities between financial institutions

  • Follow the same laws.
  • Use the same credit history and rating.

One thing they do not share however, is the fees they charge with some charging higher than others.

In conclusion, option II is correct.

Find out more on credit shopping at https://brainly.com/question/3460935.

marvineetesh3

A credit system of shopping store credit is a paper that retail proprietors give customers to return an item.

The important thing to shop around for credit is their fees because banks and financial institutions charge different fees.

What is credit shopping?

Credit shopping means buying something with the promise that he/she will pay in the future day. When buying something on credit, he/she acquires the item instantly, but the payment is made at a later date.

There are some institutions that give the credit in purchase of something, like the banks and the financial institutions. Both the institutions give credit on some same policies but charge different fees.

Example: The credit card, debit card, etc.

Therefore, option 2 is correct.

Learn more about credit shopping, refer:

https://brainly.com/question/25804058