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An advantage of using credit is:
not having to carry cash when shopping.
Mr. West opened a new credit account when he reached his limit on other accounts
character
Sean made an appointment with a credit counselor
She was able to keep most of her personal property
travel and entertainment cards.
Find out the amount of payment and what would happen if he were unable to pay
The lender did not require collateral because the borrower had good credit reports.
Writing a check from an account when there are not enough funds to cover it can reflect poorly on one’s:
not having to carry cash when shopping.
Mr. West opened a new credit account when he reached his limit on other accounts
character
Sean made an appointment with a credit counselor
She was able to keep most of her personal property
travel and entertainment cards.
Find out the amount of payment and what would happen if he were unable to pay
The lender did not require collateral because the borrower had good credit reports.
Before he signed the loan agreement, Jerry read the fine print and noticed that the agreement called for a balloon payment to retire the loan. What should he do?
not having to carry cash when shopping.
Mr. West opened a new credit account when he reached his limit on other accounts
character
Sean made an appointment with a credit counselor
She was able to keep most of her personal property
travel and entertainment cards.
Find out the amount of payment and what would happen if he were unable to pay
The lender did not require collateral because the borrower had good credit reports.
Which is a strategy for getting out of debt?
not having to carry cash when shopping.
Mr. West opened a new credit account when he reached his limit on other accounts
character
Sean made an appointment with a credit counselor
She was able to keep most of her personal property
travel and entertainment cards.
Find out the amount of payment and what would happen if he were unable to pay
The lender did not require collateral because the borrower had good credit reports.
Which is a sign of debt problems?
not having to carry cash when shopping.
Mr. West opened a new credit account when he reached his limit on other accounts
character
Sean made an appointment with a credit counselor
She was able to keep most of her personal property
travel and entertainment cards.
Find out the amount of payment and what would happen if he were unable to pay
The lender did not require collateral because the borrower had good credit reports.
Diner’s Club is an example of:
not having to carry cash when shopping.
Mr. West opened a new credit account when he reached his limit on other accounts
character
Sean made an appointment with a credit counselor
She was able to keep most of her personal property
travel and entertainment cards.
Find out the amount of payment and what would happen if he were unable to pay
The lender did not require collateral because the borrower had good credit reports.
Which is an example of unsecured credit?
not having to carry cash when shopping.
Mr. West opened a new credit account when he reached his limit on other accounts
character
Sean made an appointment with a credit counselor
She was able to keep most of her personal property
travel and entertainment cards.
Find out the amount of payment and what would happen if he were unable to pay
The lender did not require collateral because the borrower had good credit reports.
Rosie decided she had no choice but to file Chapter 13 bankruptcy. What can you conclude?
not having to carry cash when shopping.
Mr. West opened a new credit account when he reached his limit on other accounts
character
Sean made an appointment with a credit counselor
She was able to keep most of her personal property
travel and entertainment cards.
Find out the amount of payment and what would happen if he were unable to pay
The lender did not require collateral because the borrower had good credit reports.
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