Test review- dave ramsey
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | C- Borrowing money from your parent to pay for the debt.
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| If you do not have a FICO score, what factors will determine whether or not you qualify for a mortgage? | show 🗑
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| show | D- Going into debt.
A debit card acts like cash, and does not borrow money from other suppliers.
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| Which of the following is a sign that your identity may have been stolen? | show 🗑
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| A credit score is intended to measure: | show 🗑
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| show | C- Exploring new car dealerships for the best interest rate.
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| show | B- The most ideal way to buy a house is with 100% down; if that is not an option, you should get no more than a 15-year plan, fixed rate mortgage with a down payment of at least 10%.
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| show | C- Studies show that consumers typically spend more when using credit as opposed to cash purchases.
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| show | D- A court-ordered attachment that allows a lender to take money that you owe directly from your paycheck.
(E.g. If a parent is not paying child-support, then the money might start to get pulled from his paycheck.)
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| Which of the following is a credit TRUTH? (not a credit myth) | show 🗑
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| show | All of the above ( the duration of debt, new debt, type of debt, just debt overall lol)
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| Which of the following statements is false? | show 🗑
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| Which of the following is not recommended in the debt snowball method of getting out of debt? | show 🗑
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| Individual account information is removed from your credit report score seven years after the last activity on the account, except for Chapter 7 bankruptcy, which stays on your credit report for: | show 🗑
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| show | B- Paying cash for all purchases
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| show | an Annual fee
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| A long-term rental agreement on a car, a form of secured long-term debt... | show 🗑
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| A decrease in loss or value... | show 🗑
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| A detailed report of an individual's credit history... | show 🗑
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| show | a Credit card
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| show | Annual percentage rate (APR)
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| show | Debt snowball
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| show | Upside-down
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| show | Introductory rate
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| show | Loan term
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| show | True
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| show | False
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| True/False: Co-signing a loan is a good way to help a friend or relative. | show 🗑
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| True/False: If you are a victim of identity theft, you are only responsible for paying back half of the debt. | show 🗑
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| show | False
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| True/False: It is okay to use a credit card if you pay it off every month. | show 🗑
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| show | True
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| show | True
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| True/False: You need to have a credit card to rent a car or check in to a hotel. | show 🗑
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| show | True
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
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Created by:
toastyghosty