|Credit reports on individual borrowers are provided by credit card issuers. false true
|You are likely to have financial difficulties if your personal credit obligations exceed of your take-home pay.
|A payment made using _____ is equivalent to paying by cash. a retail credit card a student credit card an affinity card a debit card a reward card
||a debit card
|involves some type of debt restructuring by establishing a debt repayment schedule.
||The Wage Earner Plan
|Which of the following is true about credit scoring systems? Lower credit scores are better than higher credit scores. Credit unions calculate and sell credit scores to lenders. The stronger the personal traits of a person, the lower his or her credit score is. The whole credit scoring system is based on extensive statistical studies. Females receive higher credit scores than males.
||The whole credit scoring system is based on extensive statistical studies.
|Most creditors will if borrowers are having difficulty meeting their payments.
||work out an extension
|Joe and Jane have a tendency to build up large balances on their credit cards. Which of the following features would be least important to them? The method of calculating balances No annual fee A long grace period Low interest rates on balances High reward points
||A long grace period