In terms of borrowing money, character is the borrower's history of paying bills.

Paying your monthly payments on credit cards or loans is not important in establishing your character.

It is important to lower your capacity in order to build your credit history.

When considering a non-emergency purchase, only spend what you can pay off in the next month.

The Fair Credit Reporting Act regulates consumer reporting agencies and the use of consumer credit information.

The Equal Credit Opportunity Act makes it illegal for creditors to discriminate against a credit applicant on the basis of race, color, religion, national origin, sex, marital status, age, or because the applicant receives public assistance.

The Fair Credit Billing Act protects consumers against unfair credit billing and credit card practice, but it doesn't require credit card companies to respond to consumers' requests to check on any billing errors.

Having more credit cards always results in a better credit rating.

You can opt-out of receiving credit card offers for increments of five years.

If a credit card company invites you to skip a payment, federal law prohibits it from charging you a finance charge during that period.

You paid off your entire balance every month this year.

You only have a couple of credit cards, and you pay off the balances monthly.

You saw a credit counselor when you began banking.

You pay a different bill on time each month so that no one company always gets a late payment.

You keep your balances low by using several different credit cards

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