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Which of the following statements is false
putting 100% down if possible, if not getting no more than a 15 year fixed-rate mortgage with a down payment of at least 10%
all of these
how well you handle debt
borrow money from your parents to pay for the debt
under the Fair Credit Reporting Act, consumers are allowed to receive one free credit report every 5 years
studies show that consumers typically spend more when using credit as opposed to cash purchases
both your rental history and amount of your down payment and employment history
go into debt
Which of the following is the most cost-effective option for purchasing a home?
putting 100% down if possible, if not getting no more than a 15 year fixed-rate mortgage with a down payment of at least 10%
all of these
how well you handle debt
borrow money from your parents to pay for the debt
under the Fair Credit Reporting Act, consumers are allowed to receive one free credit report every 5 years
studies show that consumers typically spend more when using credit as opposed to cash purchases
both your rental history and amount of your down payment and employment history
go into debt
Which of the following best summarizes how the use of credit cars for purchases instead of cash can change one's spending behavior
putting 100% down if possible, if not getting no more than a 15 year fixed-rate mortgage with a down payment of at least 10%
all of these
how well you handle debt
borrow money from your parents to pay for the debt
under the Fair Credit Reporting Act, consumers are allowed to receive one free credit report every 5 years
studies show that consumers typically spend more when using credit as opposed to cash purchases
both your rental history and amount of your down payment and employment history
go into debt
Which of the following is not a good idea for getting out of debt
putting 100% down if possible, if not getting no more than a 15 year fixed-rate mortgage with a down payment of at least 10%
all of these
how well you handle debt
borrow money from your parents to pay for the debt
under the Fair Credit Reporting Act, consumers are allowed to receive one free credit report every 5 years
studies show that consumers typically spend more when using credit as opposed to cash purchases
both your rental history and amount of your down payment and employment history
go into debt
Which of the following things cannot be done with a debit card but can be done with a credit card
putting 100% down if possible, if not getting no more than a 15 year fixed-rate mortgage with a down payment of at least 10%
all of these
how well you handle debt
borrow money from your parents to pay for the debt
under the Fair Credit Reporting Act, consumers are allowed to receive one free credit report every 5 years
studies show that consumers typically spend more when using credit as opposed to cash purchases
both your rental history and amount of your down payment and employment history
go into debt
A credit score is intended to measure
putting 100% down if possible, if not getting no more than a 15 year fixed-rate mortgage with a down payment of at least 10%
all of these
how well you handle debt
borrow money from your parents to pay for the debt
under the Fair Credit Reporting Act, consumers are allowed to receive one free credit report every 5 years
studies show that consumers typically spend more when using credit as opposed to cash purchases
both your rental history and amount of your down payment and employment history
go into debt
If you do not have a FICO score, what factors will determine whether or not you qualify for a mortgage
putting 100% down if possible, if not getting no more than a 15 year fixed-rate mortgage with a down payment of at least 10%
all of these
how well you handle debt
borrow money from your parents to pay for the debt
under the Fair Credit Reporting Act, consumers are allowed to receive one free credit report every 5 years
studies show that consumers typically spend more when using credit as opposed to cash purchases
both your rental history and amount of your down payment and employment history
go into debt
Which of the following is a consequence of overdrawing your checking account
putting 100% down if possible, if not getting no more than a 15 year fixed-rate mortgage with a down payment of at least 10%
all of these
how well you handle debt
borrow money from your parents to pay for the debt
under the Fair Credit Reporting Act, consumers are allowed to receive one free credit report every 5 years
studies show that consumers typically spend more when using credit as opposed to cash purchases
both your rental history and amount of your down payment and employment history
go into debt
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