Questions from Personal Finance

Q: Explain how you can impose your own limits on credit card spending

Explain how you can impose your own limits on credit card spending.

Q: Describe some of the key provisions of the Credit CARD Act.

Describe some of the key provisions of the Credit CARD Act.

Q: Describe the role of the Consumer Financial Protection Bureau.

Describe the role of the Consumer Financial Protection Bureau.

Q: How does a secured credit card differ from a standard credit card

How does a secured credit card differ from a standard credit card? Under what circumstances would you need a secured credit card?

Q: What is overlimit protection? Explain why consumers should use this feature

What is overlimit protection? Explain why consumers should use this feature sparingly.

Q: Explain how the Credit CARD Act changed the way credit card issuers

Explain how the Credit CARD Act changed the way credit card issuers assess late fees.

Q: Explain why getting a cash advance on your credit card is a

Explain why getting a cash advance on your credit card is a costly source of funds.

Q: Why should you review your credit card statement before paying the bill

Why should you review your credit card statement before paying the bill? What steps should you take if you discover an error?

Q: What are three advantages of using a credit card? Can you

What are three advantages of using a credit card? Can you think of any disadvantages?

Q: List and briefly discuss the factors that affect an individual’s life insurance

List and briefly discuss the factors that affect an individual’s life insurance premium.