P.F. Chapter 4 Review

Front

A clothing store credit card is an example of what type of debt?

Back

revolving credit

Front

Predatory lenders use all of the following to prey on desperate people except: unfair practices, deceptive tactics, fraudulent info

Back

truthful logic

Front

Which of these isn't a marketing tactic to get you to use credit? 0% interest, introductory offer, 1.5% cash back, 50% off salle

Back

50% off salle

Front

Which of the following is not factored into the loan payment on a new car? term, equity, interest, principal

Back

equity

Front

When looking over your credit report, it's important to make sure...

Back

No lines of credit have been opened under your name without your knowledge

Front

Banks and lenders use credit score to determine

Back

The likelihood that someone is able to repay debt

Front

Something that credit card companies don't show you is ...

Back

People making payments for months or years on those credit card purchases

Front

Making purchases with a credit card means that you're borrowing money with interest, and                       pay much higher interest rates.

Back

Young people

Front

When you finance a new car, you will end up paying more than the sticker price?

Back

True

Front

Your greatest tool to building wealth is                          .

Back

Your income