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Your credit score is low
Inertrest on loan will be higher
Close a credit card
Call and write company & then destroy card
Your credit report can be viewed once a year
answer
First time credit application
Get a secured credit card
Medical info can't be used in a credit report or as a data finisher
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Applying for too much in a short time is bad for credit history
Instead maintain a reasonable amount of credit
Borrowing is spending future income
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Open-end credit
The borrower does not have to apply for a credit card each time credit is desired
Close-end credit
Equal payments on a regular basis
Credit is within the safe zone if borrowed money is less than 20% of net income
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Annual percentage rate(APR) becomes a penalty APR is your payments are late. Pay balance in
full if you can.
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Minimum monthly payments will increase your cost.
true
How to get a credit card?
You must be 18, proof of income or co-signer
Protect from fraud
License, credit card bank account
Credit card is best for online purchases
True
Sign back of credit cared and write see photo ID
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You should check your credit report once a year
True
Insurance
Financial security and peace of mind
Premium
A monthly payment
Employee benefits if job permits
Health, life disability
Deductible
What you upfront before insurance takes over
Co-insurance
The percentage you pay after deductible
Auto Liability insurance
Pays for loss to other people
Property insurance
Loss of insured person
Life insurance
When you have dependents
Beneficiary
Receive proceeds upon death
Rentor is responsible for renters insurance
true
Phone purchase
Preview shipping and return policies
Unbiased sorce
Review things from an independent company
Durable good
Car, phone, clothing. (not food)
Oppurtunity cost
loss of potential gain from choices
Security deposit
initial payment to landlord to cover potential damages
Car depreciation
A loss in value but not an actual cost
Upside down on a loan
Owe more for the car than the actual value
Equity
Value of home after mortgage debt is subtracted
Spending plan
Foods are costly, to save $ skip preferences