A) Create a budget B) Ignore the debt C) Gamble to win money D) Apply for more credit cards
A) Paying off the largest balance first B) Paying only the minimum on all accounts C) Paying off the smallest balance first D) Paying off accounts randomly
A) Paying off the highest interest rate balance first B) Paying off accounts alphabetically C) Ignoring interest rates D) Paying off the lowest interest rate balance first
A) Moving debt from one card to another B) Ignoring your debt C) Spending more than you earn D) Paying off all your debt immediately
A) Canceling all your credit cards B) Combining multiple debts into one loan C) Adding more debt to your credit cards D) Filing for bankruptcy
A) To prevent accumulating more debt B) To improve your credit score immediately C) To avoid paying annual fees D) To punish yourself
A) Earning more rewards points B) Paying more in interest charges C) Paying less in interest charges D) Having a higher credit limit
A) Refuse to pay your bill B) Ignore your credit card statements C) Call and ask for a lower rate D) Threaten to close your account without asking
A) A permanent increase in your credit limit B) A free vacation C) A complete forgiveness of your debt D) Temporary assistance for financial difficulties
A) A plan managed by a credit counseling agency B) A plan to avoid all payments C) A plan to accumulate more debt D) A plan to ignore your creditors
A) May require collateral B) Always lowers your interest rate C) Requires no payments D) Automatically improves your credit score
A) It takes longer and costs more in interest B) It improves your credit score instantly C) It saves you money in the long run D) It has no impact on the total cost
A) 50% (if you're struggling to meet other expenses) B) 0% C) 5% D) 15-20%
A) Lower utilization is better B) Utilization has no impact on credit score C) Higher utilization is better D) Utilization only matters if you have late payments
A) The number of credit cards you own B) The total amount of debt you owe C) The amount of credit used vs. available credit D) Your interest rate on your credit card
A) Automated Payment Reminder B) Annual Percentage Rate C) Annual Payment Reduction D) Approved Payment Request
A) Earning extra rewards points B) No fees charged C) High fees and interest rates D) Lower interest rates than purchases
A) Increasing spending B) Selling unwanted items C) Reducing discretionary spending D) Finding a higher-paying job
A) Free money from the credit card company B) Damaged credit score C) Increased credit limit D) Automatic debt forgiveness
A) At least once a year B) Once a decade C) Every day D) Never
A) Funny jokes B) Errors and unauthorized accounts C) Coupons and discounts D) Recipes and cooking tips
A) Contact your credit card company B) Blame your family members C) Pay the fraudulent charges D) Ignore the charges
A) Always improves your credit score B) Automatically forgives your debt C) Has no effect on your credit score D) May lower your credit score
A) It doesn't matter how much you pay B) Only pay when you feel like it C) No, the minimum payment is sufficient D) Yes, to pay off the debt faster and save on interest
A) Buy expensive things B) Accumulate more rewards points C) Achieve financial freedom D) Impress your friends
A) The Quantum Leap B) Micro-payments C) The Time Warp D) The Moon Landing
A) A period where the card company forgets your debt B) A period to accumulate more debt C) A period to pay your balance without interest D) A period where you can spend without limit
A) Lower your interest rate automatically B) Earn bonus rewards points C) Increase your credit limit immediately D) Avoid late fees and missed payments
A) Increase your credit card limit B) Qualify for lower interest rates C) Automatically erase your debt D) Eliminate the need to budget
A) Negative impact B) Positive impact C) No impact D) Causes free money to be issued |