Everfi Lesson 5 Review
better interest rates on your loans
benefit of having a good credit score
APR (Annual Percentage Rate), credit limit, and penalties and fees
items that are important to consider when selecting a credit card
education
loans are an option to use for
Not having late fees
Benefit to paying the full balance of your credit card each month
build your credit history
Credit cards can help _____ when paid off on time regularly.
They usually have a lower interest rate.
Secured loans are less costly than unsecured loans because
Your credit score will go down
This happens to your credit score if you do not manage your debt wisely
Regularly monitor your credit report
This will help you protect yourself from identity theft and fraud
manage your debt wisely
To maintain a good credit score you must ______.
a house
Using a loan could help with the purchase
compare pre-approval offers and select the one that is best for you.
When looking for pre-approval on a car loan you should...
Airline tickets to your dream vacation
You should NOT use a loan to purchase
financial institution may offer for you to pay a little now and pay the rest after your next pay day
a good option available to you if you are behind on loan payments