Credit Quiz

When you use cash instead of plastic, you spend how much less because cash hurts?

What is another name for open-end credit?

If you transfer a balance of $1,000 to your new credit card and there is a 5% balance transfer fee, you will owe?

If a person receives a $10,000 line of credit from a credit card company, it means that

Americans pay approximately how much in penalties and fees on their credit cards each year?

A person who needs to take a payday loan several times a year is

Which of the following is NOT an example of closed-in credit?

What is another name for closed-end credit?

A person on a credit account that is equally responsible for the loan is known as a?

Having a good credit history is essential for a person to

What is credit?

The recommended amount to borrow on credit should be no more that what % of your annual net income?