Which type of credit typically offers payment plans of up to 30 years or more? (1 point) Responses car loan car loan credit card credit card home mortgage home mortgage personal loan
11 answers
home mortgage
Which type of credit is used in place of money, allowing you to buy things now and pay for them later? (1 point) Responses credit card credit card bankruptcy bankruptcy mortgage mortgage personal loan
credit card
Which type of credit would you most likely use if you wanted to pay for a large home renovation? (1 point) Responses car loan car loan credit card credit card personal loan personal loan student loan
personal loan
What do banks and other lenders use to evaluate your ability to repay a loan?(1 point) Responses bankruptcy bankruptcy credit score credit score debit debit interest rate
credit score
Which of the following is an excellent credit score? (1 point) Responses 300 300 400 400 800 800 900
800
Which statement describes a risk of taking on debt? (1 point) Responses It allows you to buy things now and pay later. It allows you to buy things now and pay later. It does not affect your credit score if you pay it off in a timely manner. It does not affect your credit score if you pay it off in a timely manner. It could affect your ability to take out other loans. It could affect your ability to take out other loans. It might result in the interest rates on other loans to increase. It might result in the interest rates on other loans to increase.
It could affect your ability to take out other loans.
1 answer