Which of these are sources of credit:

Which of these are sources of alternative credit:

When you borrow, you are spending future ______.

Before borrowing, you should ask yourself all of these EXCEPT :

Before borrowing, you should ask yourself all of these EXCEPT :

True or False. Failing to manage your credit can decrease your future quality of life and financial well-being.

True or False. Using credit is always a bad idea.

True or False. A loan is a legal contract.

True or False. The legal documents that you "sign" when borrowing money are written to be fair to lenders and borrowers.

True or False. Generally, your monthly debt payments (excluding mortgage payments) should be less than 20% of your monthly net income.

True or False. Generally, your total debt (other than mortgage) should be less than 10 % of your annual net income.

True or False. Generally, your monthly mortgage payment should be less than 30 % of your monthly net income.

Which of these should you NOT consider when deciding whether to borrow money:

Your credit score will impact which of these:

True or False. If you co-sign a credit application for someone, you are liable for the full loan amount if the borrower defaults.

True or False. If you co-sign a credit application for someone, you are liable for half of the full loan amount if the borrower defaults, since there are two of you on the loan application.

What one word explains why the "price" that you pay for things you buy with credit higher than the price you pay when you buy things with cash?

Before buying a want on credit, you should ask yourself:

Your monthly debt payments (not including your mortgage) should be less than which of these:

Your total debt (not including your mortgage) should be less than which of these:

Your annual housing coust should be less than which of these:

If your job earns you a net income of $60,000 per year, your monthly debt payments (other than your mortgage payment) should be less than $_______.

If your job earns you a net income of $60,000 per year, your total debt (other than your mortgage payment) should be less than $_______.

If your job earns you a net income of $60,000 per year, your annual housing cost should be less than $_______.

If your job earns you a net income of $60,000 per year, the amount you should spend on lottery tickets should be at least $_______.

Which of these are examples of ways to use credit to improve your net worth:

Which of these are alternative credit:

Which of these charge a higher interest rate than "traditional" credit:

Which of these take ownership of your car unless you pay the loan back:

Which of these should you avoid if at all possible:

Which of these charge a high price and a high interest rate:

Which TWO of these charge a high interest rate and loan you less than what your collateral is worth:

If you get a pay day loan and pay 10 % for a two-week loan, your APR is:

If you go to a pawn shop and pay 10 % for a 30 day loan, your APR is:

You should carry $ _____ in consumer credit from month-to-month.

Your monthly debt payments (other than housing) should not be more than _____ % of your monthly net income.

Your total debt (other than housing) should not be more than _____ % of your annual net income.

Your monthly housing costs should not be more than than _____ % of your monthly net income.

Your annual housing costs should not be more than than _____ % of your monthly net income.

Your student loans when you graduate college should not be more than _____ % of your starting annual net income.