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What factors affect a credit score
borrowing money can have serious consequences and prevent you from building wealth
how well you handle 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
studies show that consumers typically spend more when using credit as opposed to cash purchases
all of these
borrow money from your parents to pay for the debt
10 years
Which of the following is not a good idea for getting out of debt
borrowing money can have serious consequences and prevent you from building wealth
how well you handle 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
studies show that consumers typically spend more when using credit as opposed to cash purchases
all of these
borrow money from your parents to pay for the debt
10 years
Which of the following is a consequence of overdrawing your checking account
borrowing money can have serious consequences and prevent you from building wealth
how well you handle 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
studies show that consumers typically spend more when using credit as opposed to cash purchases
all of these
borrow money from your parents to pay for the debt
10 years
A credit score is intended to measure
borrowing money can have serious consequences and prevent you from building wealth
how well you handle 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
studies show that consumers typically spend more when using credit as opposed to cash purchases
all of these
borrow money from your parents to pay for the debt
10 years
Which of the following best summarizes how the use of credit cars for purchases instead of cash can change one's spending behavior
borrowing money can have serious consequences and prevent you from building wealth
how well you handle 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
studies show that consumers typically spend more when using credit as opposed to cash purchases
all of these
borrow money from your parents to pay for the debt
10 years
Which of the following is the most cost-effective option for purchasing a home?
borrowing money can have serious consequences and prevent you from building wealth
how well you handle 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
studies show that consumers typically spend more when using credit as opposed to cash purchases
all of these
borrow money from your parents to pay for the debt
10 years
Which of the following is not a credit myth
borrowing money can have serious consequences and prevent you from building wealth
how well you handle 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
studies show that consumers typically spend more when using credit as opposed to cash purchases
all of these
borrow money from your parents to pay for the debt
10 years
Individual account information is removed from your credit report seven years after the lsat activity on the account, except for Chapter 7 bankruptcy, which stays on your credit report for
borrowing money can have serious consequences and prevent you from building wealth
how well you handle 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
studies show that consumers typically spend more when using credit as opposed to cash purchases
all of these
borrow money from your parents to pay for the debt
10 years
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