Paying 20% of your credit card balance every month on time

Paying off your credit card bill in full every month

Making the minimum payment (3% of your credit card balance) every month on time

Making the minimum payment (3% of your credit card balance) every month with an occasional late payment

No change since credit card A.P.Rs don't change as long as your account is open

Increase in A.P.R by 1%

Decrease in A.P.R. by 1%

Increase in A.P.R. by 22.74%

The cardholder is carrying a balance over from the last period.

The cardholder was charged interest on her balances for the last period because she made her payment on time.

If the cardholder makes her minimum payment of $35.00 by the due date, she will NOT be charged interest on her balances. 

If the cardholder pays $523.20 by the due date on the bill, she will pay NO interest to the credit card company.

$0 

About $500 

About $1600 

$2100 

Far more businesses accept credit cards than debit cards

 Credit cards pull money directly from your bank account, while debit cards get their money from Visa or Mastercard

Credit card companies provide you with a monthly statement, while debit cards do not

With debit cards, you're spending your own money at point of sale, while with credit cards, you're promising to pay back the money eventually

Standard credit card

Secured credit card

Overdraft credit card

Rewards credit card

If you make the minimum payment on your card by the due date, the credit card company will not charge you interest.

If you pay your balance in full after the due date, the credit card company will not charge you interest. 

If you pay your balance in full after the due date, you will be charged interest.

If you pay your balance in full by the due date, you will be charged interest. 

Does the cashback program apply to all purchases or only specific types of purchases like gas and groceries?

Can I get a debit card along with a new credit card?

Who does OrangeCo use as their spokesperson in the commercial?

 Do I still get the cash back even when I return my purchases to the store?

Every time you pay extra, the lender will reduce the interest rate they're charging by a small amount.

The extra payment will be applied to the principal amount you owe, which will pay down your debt more quickly. 

The extra payment will be applied to the interest you owe, which will reduce the overall cost of your loan.

Amortized loans typically have much higher interest rates than credit cards, so they're the best place to put your extra cash.

you apply for them in-person, at your own bank branch or at a competing branch (if they offer better rates). 

you apply for them in-person or online, but whether you are given the loan depends on your personal credit score. 

they are lent based on your personal credit history rather than secured by an asset like a house or car.

they are given to someone based on their personal familiarity with their banker. 

Home equity loans or lines of credit are illegal in most states

Home equity loans or lines of credit are only available to people who have paid for their home in full 

Home equity loans or lines of credit are not available to renters 

Home equity loans or lines of credit are only useful for funding home improvement projects

Amy chose a shorter term for her mortgage, so her monthly payments are higher

Chuck has a lower credit score, so his interest payments are also lower

Amy made a larger down payment, so her monthly payments are also larger

 Chuck's interest rate is higher, so his monthly payment due is also lower

They can only legally cover the costs of tuition, room, and board.

In addition to tuition, room, and board, you can use them to pay other costs of attendance such as books, fees, and transportation.

 You can use your student loans to pay for necessities OR to buy anything sold on campus, but you can't use them for off-campus purchases. 

Because student loans have such low interest rates, you can use them for large purchases including vacations and car payments while in college.

The Federal government offers numerous loan repayment plans, including standard, income-based, and graduated payments.

Federal student loans do not begin accumulating interest until after you graduate and are employed at least part time.

Federal student loans are typically more expensive than private student loans.

You must take the SAT or ACT to qualify for Federal student loans.

Take out a home equity loan

Obtain a loan through a peer-to-peer lending website

Put the repair on his credit card 

Take out a payday loan

$0 down payment, 6% interest, 60 months

 $0 down payment, 6% interest, 84 months

$3000 down payment, 6% interest, 60 months

$3000 down payment, 0% interest, 36 months

Find an extra source of income by taking a second job, working longer hours, asking for a raise, etc

Stop making payments on some of your debts so you can focus on getting the most expensive or largest debts under control

Call your lenders and see if you can negotiate lower monthly payments, lower interest rates, or longer terms

Reduce spending in some other area of your budget so you can direct more funds toward debt payments

You owe the same payment every month 

You can buy additional items as you need them without getting approval for each purchase 

They do not charge interest

One common example is a car auto loan

An investor hoping to make money on her interest payments

A friend or family member who trusts her to repay the funds 

The Federal government, funding the loan with tax dollars

People who have received a loan in the past on the website and are now "paying it forward"