Questions from Personal Finance


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?

See Answer

Q: What is a credit limit? How can you increase your credit

What is a credit limit? How can you increase your credit limit?

See Answer

Q: How might you eliminate the annual fees that are charged by some

How might you eliminate the annual fees that are charged by some credit cards?

See Answer

Q: When is a finance charge applied to credit purchases? What is

When is a finance charge applied to credit purchases? What is the common range of interest rates on credit cards?

See Answer

Q: Should you view credit cards as a source of funds? Why

Should you view credit cards as a source of funds? Why or why not? Why should you self-impose a tight credit limit?

See Answer

Q: What credit management decisions should be included in your financial plan?

What credit management decisions should be included in your financial plan?

See Answer

Q: Discuss some ways that charging large amounts on your credit cards might

Discuss some ways that charging large amounts on your credit cards might affect your overall financial planning.

See Answer

Q: Propose possible solutions to reduce an excessive credit card balance.

Propose possible solutions to reduce an excessive credit card balance.

See Answer

Q: What is a prepaid credit card? How does it differ from

What is a prepaid credit card? How does it differ from a secured credit card?

See Answer

Q: List some typical incentives credit cards issuers offer to encourage you to

List some typical incentives credit cards issuers offer to encourage you to use their card.

See Answer