A) Ignore the debt B) Create a budget C) Apply for more credit cards D) Gamble to win money
A) Paying off the smallest balance first B) Paying off accounts randomly C) Paying off the largest balance first D) Paying only the minimum on all accounts
A) Paying off the lowest interest rate balance first B) Ignoring interest rates C) Paying off accounts alphabetically D) Paying off the highest interest rate balance first
A) Spending more than you earn B) Moving debt from one card to another C) Paying off all your debt immediately D) Ignoring your debt
A) Adding more debt to your credit cards B) Filing for bankruptcy C) Canceling all your credit cards D) Combining multiple debts into one loan
A) To avoid paying annual fees B) To improve your credit score immediately C) To prevent accumulating more debt D) To punish yourself
A) Having a higher credit limit B) Earning more rewards points C) Paying less in interest charges D) Paying more in interest charges
A) Refuse to pay your bill B) Threaten to close your account without asking C) Ignore your credit card statements D) Call and ask for a lower rate
A) Temporary assistance for financial difficulties B) A complete forgiveness of your debt C) A free vacation D) A permanent increase in your credit limit
A) A plan to ignore your creditors B) A plan to accumulate more debt C) A plan managed by a credit counseling agency D) A plan to avoid all payments
A) May require collateral B) Automatically improves your credit score C) Requires no payments D) Always lowers your interest rate
A) It saves you money in the long run B) It improves your credit score instantly C) It takes longer and costs more in interest D) It has no impact on the total cost
A) 0% B) 50% (if you're struggling to meet other expenses) C) 5% D) 15-20%
A) Lower utilization is better B) Utilization only matters if you have late payments C) Utilization has no impact on credit score D) Higher 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 Percentage Rate C) Approved Payment Request D) Annual Payment Reduction
A) High fees and interest rates B) Earning extra rewards points C) Lower interest rates than purchases D) No fees charged
A) Increasing spending B) Selling unwanted items C) Finding a higher-paying job D) Reducing discretionary spending
A) Damaged credit score B) Increased credit limit C) Free money from the credit card company D) Automatic debt forgiveness
A) Never B) Once a decade C) Every day D) At least once a year
A) Coupons and discounts B) Recipes and cooking tips C) Errors and unauthorized accounts D) Funny jokes
A) Contact your credit card company B) Ignore the charges C) Pay the fraudulent charges D) Blame your family members
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) 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) Impress your friends B) Achieve financial freedom C) Accumulate more rewards points D) Buy expensive things
A) Micro-payments B) The Quantum Leap C) The Time Warp D) The Moon Landing
A) A period where you can spend without limit B) A period where the card company forgets your debt C) A period to accumulate more debt D) A period to pay your balance without interest
A) Avoid late fees and missed payments B) Lower your interest rate automatically C) Earn bonus rewards points D) Increase your credit limit immediately
A) Qualify for lower interest rates B) Eliminate the need to budget C) Increase your credit card limit D) Automatically erase your debt
A) Causes free money to be issued B) No impact C) Negative impact D) Positive impact |