Dollar Sense- Ch. 4

Paying with cash is a factor to determine FICO scores.

• True
• False

Borrowing money is a good idea for getting rid of debt.

• True
• False

You can not buy airline tickets with a debit card.

• True
• False

The type of debt you have effects your credit score.

• True
• False

You can go into debt with a debit card.

• True 
• False

Under the FCRA, consumers are allowed to receive one free credit report every five years. 

• True
• False

Shopping car dealerships for the best interest rate is a key step in the Drive Free method of buying  a car.

• True
• False

Placing your savings in a mutual fund so that your money can make more money is a key component of the Drive Free method of car buying.

• True
• False

Starting with an inexpensive car and gradually move up tin a car value as your savings increases is a component of the Drive Free method of car buying.

• True
• False

Planning car purchases and using a sinking fund is part of the Drive Free method of car buying.

• True
• False