Dave Ramsey - Debt

What is the yearly fee charged for having credit called?

• Annual Fee
• Credit Card
• Over the Limit Fee
• User Fee

What is a late fee?

• A fee charged by a credit agency when you pay your bill late
• A fee that is charged late at night
• An amount charge for letting you borrow money
• A delicious coffee like beverage

What is the range of a credit score?

• 0 to 500
• 0 to 1000
• 100 to 200
• 300 to 850

Who is a huge target for credit card companies?

• Adults
• Teenagers
• Infants
• Senior Citizens

What is the difference between a credit card and a debit card? 

• A debit card is subtracted from your checking account. A credit card is not attached to your checking account. 
• A credit card is subtracted from your checking account. A debit card has a credit limit. 

The least amount that must be paid on a credit card each month is:

• Minimum Payment
• Late Fee
• Credit Limit
• money time

How can a cardholder avoid paying interest on a credit card?

• Pay the balance in full every month
  
• Pay the minimum payment after its due date
• Do not pay anything
• Pay the minimum balance every month

A credit report is a report showing a borrower's history of how well they paid their bills.

• True
• False

What is the cost to you for using a credit card?

• Interest
• Late Fees
• Annual Fees
• All of the above

What percentage of Americans live pay check to paycheck

• 70%

• 20%

• 50%