Personal Finance

When you report a dispute on your credit card statement, the credit card company must resolve it within a certain time.

True

Comparing products features

comparison shopping

Final stage of a buying plan

evaluate purchase

a good buying plan includes

evaluating wants and needs

Use of a credit account to steal money or goods is a serious crime called credit card fraud.

True

When you rent-to-own and decide not to buy the item, no part of the rent payment is returned to you.

True

A mortgage is a type of unsecured loan.

False

Bankruptcy fraud occurs when a debtor repays debt that she or he has discharged.

False

Credit counseling is a service that gives debt relief.

False

Federal agencies do not test food, and other public products to see if they live up to their claim.

False

Foreclosure does not effect your credit.

False

Paying by check is a difficult and expensive method to use.

False

Personal loans are typically made for buy a specific item of property, which then serves as collateral.

False

Unsecured credit cannot hurt your chances of getting more credit.

False

A cosigner is a person who guarantees the debt of another person.

True

A credit report contains no personal info.

True

Bankruptcy effects your credit and the interest rate you may receive.

True

If you pay the full amount owed on your credit card each month, you can avoid paying interest on an outstanding balance.

True

In a consolidated loan, several loans are rolled into a single loan with one payment.

True

Low introductory rates on credit cards often last 6 months to a year.

True

Secure loans may require a cosigner if the borrower does not have to pledge as security for the loan.

True

When you receive the credit card statement

all of the above

The ability to receive a service

service credit

When apply for credit online

you should iniate