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Which of the following items cannot be done with a debit card but can be done with a credit card?
Go into debt
Borrow money from your parents to pay for the debt
Studies show that consumers typically spend more when using credit as opposed to cash purchases
Explore new car dealerships for the best interest rate
History of payments, down payment, and employment history
10 years
Borrowing money can have serious consequences and prevent you from building wealth
The risk of your not repaying debt
Individual account information is removed from your credit report seven years after the last activity on the account, except for Chapter 7 bankruptcy, which stays on your credit report for:
Go into debt
Borrow money from your parents to pay for the debt
Studies show that consumers typically spend more when using credit as opposed to cash purchases
Explore new car dealerships for the best interest rate
History of payments, down payment, and employment history
10 years
Borrowing money can have serious consequences and prevent you from building wealth
The risk of your not repaying debt
A credit score is intended to measure:
Go into debt
Borrow money from your parents to pay for the debt
Studies show that consumers typically spend more when using credit as opposed to cash purchases
Explore new car dealerships for the best interest rate
History of payments, down payment, and employment history
10 years
Borrowing money can have serious consequences and prevent you from building wealth
The risk of your not repaying debt
Which of the following best summarizes how the use of a credit card for purchases instead of cash can change one's spending behavior.
Go into debt
Borrow money from your parents to pay for the debt
Studies show that consumers typically spend more when using credit as opposed to cash purchases
Explore new car dealerships for the best interest rate
History of payments, down payment, and employment history
10 years
Borrowing money can have serious consequences and prevent you from building wealth
The risk of your not repaying debt
Which of the following is not a credit myth?
Go into debt
Borrow money from your parents to pay for the debt
Studies show that consumers typically spend more when using credit as opposed to cash purchases
Explore new car dealerships for the best interest rate
History of payments, down payment, and employment history
10 years
Borrowing money can have serious consequences and prevent you from building wealth
The risk of your not repaying debt
Which of the following is not a good idea for getting out of debt?
Go into debt
Borrow money from your parents to pay for the debt
Studies show that consumers typically spend more when using credit as opposed to cash purchases
Explore new car dealerships for the best interest rate
History of payments, down payment, and employment history
10 years
Borrowing money can have serious consequences and prevent you from building wealth
The risk of your not repaying debt
Which of the following is not a recommended step in the Drive Free method of purchasing a car?
Go into debt
Borrow money from your parents to pay for the debt
Studies show that consumers typically spend more when using credit as opposed to cash purchases
Explore new car dealerships for the best interest rate
History of payments, down payment, and employment history
10 years
Borrowing money can have serious consequences and prevent you from building wealth
The risk of your not repaying debt
If you do not have a FICO score, what factors will determine whether or not you qualify for a mortgage?
Go into debt
Borrow money from your parents to pay for the debt
Studies show that consumers typically spend more when using credit as opposed to cash purchases
Explore new car dealerships for the best interest rate
History of payments, down payment, and employment history
10 years
Borrowing money can have serious consequences and prevent you from building wealth
The risk of your not repaying debt
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