Debt
Is there a limit to how much debt you can be in?
No
True or False, can you purchase credit cards linked to certain companies?
True
What are the two main types of insurance?
Term insurance and permanent insurance.
Why are savings accounts not the best choice for long-term investments?
Returns are low.
How can I find high interest rates?
Try to find a bank that has a high interest rate by doing a lot of interest, and calling to find out more information.
How do you deal with any kind of debt?
Make all your payments on time and be able to pay it back in the long run
It will hurt your credit.
What is the ideal amount of life insurance?
At least 10 times the amount of annual salary.
What is an advantage of a savings account?
You will have emergency money if you need it.
Can I bank online?
Yes, you can sign up for an online bank from your phone
No
How many numbers does a credit card have?
16
What is full car insuarnce coverage?
They require you to carry comprehensive and collision plus anything else your state mandates.
What is a disadvantage of a savings account?
Interest rates are variable, not fixed
Is there an ATM usage fee?
Depending on what kind of ATM it is, if it part of your bank, there might not be a fee but if it isn't, then there might be a fee
Will filing for bankruptcy make your debts go away?
It will eliminate most of your debts
What are some kind of rewards you can get on a credit card?
Cash back; points rewards; gift cards; statement credit, travel expenses
Do i want insurance for a boat?
It may be required by your bank or lending institution (if you lease or finance your boat) or your marina (if you rent a dock or boat slip).
Is it good to invest in a savings account?
How can I access my money?
How is debt calculated?
You need to get a debt collector and hear their take on your debt so that they are able to help you as much as they can
What makes a credit card different from a debit card?
Is business insurance required by law?
The state of Rhode Island requires businesses with one or more employees, full-time or part-time, to carry workers' compensation insurance.
What are reasons to save instead of invest?
Safety and liquidity
What are some questions you should ask before opening an account with a bank?
- What are this banks fee's?
- What are the account's interest rates?
- Is there a minimum balance that is needed for an account?