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