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