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What do you know about credit and debt?
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- Lending money is a good way to help a friend or relative.
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- The typical millionaire drives reliable, used cars.
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- Leasing a car is a smart way to drive a newer car for a lower monthly payment.
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- You need to have a credit card to rent a car or check in to a hotel.
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- Teens are the number one target of credit card companies today.
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- People spend more money when they pay with cash than when they use credit cards.
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- A lender should be able to call a person at work to request repayment.
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- Your credit score is important and you should try to get the highest score possible to prove that you are a good manager of money.
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- If a bill collector tells you he is going to garnish your wages (take money from your paycheck), you should make some type of payment immediately to prevent this from happening.
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- If you are willing to pay a fee, you can have your credit cleaned up to improve your credit score.
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