Chapter 11 - Business law

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

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

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

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

The credit company can charge interest if the credit card bill is not paid in full by the due date.

• True
• False

The credit company can charge interest if the credit card bill is not paid in full by the due date.

• True
• False

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

On average, over 70% of college students graduate with student loan debt.

• True

• False

T/F: A negative credit event (bankruptcy) can have a WORSE impact on a higher credit score.

• True

• False

Which of the following does NOT contribute to your credit score?

• Your payment history

• Which banks issued your credit cards

• Your debt-to-credit ratio

• Length of credit history

Which of the following does NOT contribute to your credit score?

• Your payment history

• Which banks issued your credit cards

• Your debt-to-credit ratio

• Length of credit history

Which types of debt usually CANNOT be erased or reduced?

• Federal student loans

• Credit card debt

• Medical bills

• None of these types of debt can be erased or reduced