Credit Cards
Money paid at a fixed rate for the use of money lent is what?
Interest
credit scores have no affect on your financial situation. True or false?
False
The money you barrow is called what?
Principal
Why is it a good idea to build credit early?
To get a head start on getting a good credit score
APR stands for what?
interest rate
This is calculated by subtracting what you owe by what you own.
Net worth
The least amount you have to pay every month to still hit your payback deadline is called?
Minimum payment
What should you think about before using credit to buy some thing?
-Do I need this?
- Is it worth the added interest?
- Can it fit into my monthly payment?
What is the average interest rate?
23%