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Q 1/12
Score 0
I am trying to AVOID interest on my credit card. How can I do that?
30
Make the minimum monthly payment
Pay the interest rate in advance before the deadline
Pay your balance off before the deadline
Pay the minimum monthly payment + interest %
Q 2/12
Score 0
My credit card disclosure has a range of interest rates (see below) what does that mean??? Your interest rate will most likely be based on ....... ?
Ex: 9.99% - 23.99%
30
Your # of hours worked per pay period
Your credit score
Your income level
Your total amount spent on the credit card
12 questions
Q.
I am trying to AVOID interest on my credit card. How can I do that?
1
30 sec
Q.
My credit card disclosure has a range of interest rates (see below) what does that mean??? Your interest rate will most likely be based on ....... ?
Ex: 9.99% - 23.99%
2
30 sec
Q.
What's important to know about an "introductory rate" for a credit card promotion like the example below?
Ex: 0% APR for the first 6 months
3
30 sec
Q.
A credit card promotion is offering 7% cash back for all new card holders. Which question below would be the most important to know regarding that 7%?
4
30 sec
Q.
Which of the following is an ADVANTAGE of getting a 15 year mortgage?
5
30 sec
Q.
Which of the following is an ADVANTAGE of getting a 30 year mortgage?
6
30 sec
Q.
Which of the following is a CON of choosing to LEASE a car
7
30 sec
Q.
Sarah is trying to decide which mortgage option is best for her. Here's a breakdown of her budget:
Car payment $320
Insurance $90
Student Loans $115
Cell phone & Internet $120
Credit card balance $1200 (total)
Which mortgage option would be best for her & why?
8
120 sec
Q.
Which of the following is NOT one of the 3 credit reporting agencies?
9
20 sec
Q.
With the "Drive Free Method" which of the following is the 1st step?
10
20 sec
Q.
John is purchasing a $180,000 home. The bank requires a 15% down payment. How much does he need to save?
11
120 sec
Q.
Rachel is purchasing her first home and was able to get an FHA loan for down payment assistance. The program offers 15%, but the bank requires a full 20%, so she will have to come up with the difference. She has been pre-approved for a $200,000 home. How much will she need to save?