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Which of the following is NOT a factor in determining a FICO score?
Borrow money from your parents to pay for the debt
both of these
Borrowing money can have serious consequences and prevent you from building wealth
True
Explore new car dealerships for the best interest rate
Paying cash for all purchases
Every extra dollor you get should be thrown at the largest debt first
The risk of your not repaying debt
There are three credit bureaus: Experian, TransUnion, and Equifax.
Borrow money from your parents to pay for the debt
both of these
Borrowing money can have serious consequences and prevent you from building wealth
True
Explore new car dealerships for the best interest rate
Paying cash for all purchases
Every extra dollor you get should be thrown at the largest debt first
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?
Borrow money from your parents to pay for the debt
both of these
Borrowing money can have serious consequences and prevent you from building wealth
True
Explore new car dealerships for the best interest rate
Paying cash for all purchases
Every extra dollor you get should be thrown at the largest debt first
The risk of your not repaying debt
Which of the following is not a credit myth?
Borrow money from your parents to pay for the debt
both of these
Borrowing money can have serious consequences and prevent you from building wealth
True
Explore new car dealerships for the best interest rate
Paying cash for all purchases
Every extra dollor you get should be thrown at the largest debt first
The risk of your not repaying debt
A credit score is intended to measure:
Borrow money from your parents to pay for the debt
both of these
Borrowing money can have serious consequences and prevent you from building wealth
True
Explore new car dealerships for the best interest rate
Paying cash for all purchases
Every extra dollor you get should be thrown at the largest debt first
The risk of your not repaying debt
Which of the following is not a good idea for getting out of debt?
Borrow money from your parents to pay for the debt
both of these
Borrowing money can have serious consequences and prevent you from building wealth
True
Explore new car dealerships for the best interest rate
Paying cash for all purchases
Every extra dollor you get should be thrown at the largest debt first
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?
Borrow money from your parents to pay for the debt
both of these
Borrowing money can have serious consequences and prevent you from building wealth
True
Explore new car dealerships for the best interest rate
Paying cash for all purchases
Every extra dollor you get should be thrown at the largest debt first
The risk of your not repaying debt
Which of the following is NOT recommended in the debt snowball method of getting out of debt?
Borrow money from your parents to pay for the debt
both of these
Borrowing money can have serious consequences and prevent you from building wealth
True
Explore new car dealerships for the best interest rate
Paying cash for all purchases
Every extra dollor you get should be thrown at the largest debt first
The risk of your not repaying debt
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