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Which of the following is not a good idea for getting out of debt?
Studies show that consumers typically spend more when using credit as opposed to cash purchases
False
True
Borrow money from your parents to pay for the debt
A court-ordered attachment that allows a lender to take monies owed directly from a borrower's paycheck
False
Explore new car dealerships for the best interest rate
Go into debt
There are three credit bureaus: Experian, TransUnion, and Equifax.
Studies show that consumers typically spend more when using credit as opposed to cash purchases
False
True
Borrow money from your parents to pay for the debt
A court-ordered attachment that allows a lender to take monies owed directly from a borrower's paycheck
False
Explore new car dealerships for the best interest rate
Go into 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.
Studies show that consumers typically spend more when using credit as opposed to cash purchases
False
True
Borrow money from your parents to pay for the debt
A court-ordered attachment that allows a lender to take monies owed directly from a borrower's paycheck
False
Explore new car dealerships for the best interest rate
Go into debt
Which of the following is NOT a recommended step in the Drive Free method of purchasing a car?
Studies show that consumers typically spend more when using credit as opposed to cash purchases
False
True
Borrow money from your parents to pay for the debt
A court-ordered attachment that allows a lender to take monies owed directly from a borrower's paycheck
False
Explore new car dealerships for the best interest rate
Go into debt
What is paycheck garnishment?
Studies show that consumers typically spend more when using credit as opposed to cash purchases
False
True
Borrow money from your parents to pay for the debt
A court-ordered attachment that allows a lender to take monies owed directly from a borrower's paycheck
False
Explore new car dealerships for the best interest rate
Go into debt
Co-signing a loan is a good way to help a friend or relative.
Studies show that consumers typically spend more when using credit as opposed to cash purchases
False
True
Borrow money from your parents to pay for the debt
A court-ordered attachment that allows a lender to take monies owed directly from a borrower's paycheck
False
Explore new car dealerships for the best interest rate
Go into debt
You need to have a credit card to rent a car or check in to a hotel
Studies show that consumers typically spend more when using credit as opposed to cash purchases
False
True
Borrow money from your parents to pay for the debt
A court-ordered attachment that allows a lender to take monies owed directly from a borrower's paycheck
False
Explore new car dealerships for the best interest rate
Go into debt
Which of the following items cannot be done with a debit card but can be done with a credit card?
Studies show that consumers typically spend more when using credit as opposed to cash purchases
False
True
Borrow money from your parents to pay for the debt
A court-ordered attachment that allows a lender to take monies owed directly from a borrower's paycheck
False
Explore new car dealerships for the best interest rate
Go into debt
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