Credit card math help?

With a credit card you are able to receive money, goods, or services in the present, in exchange for a promise to pay in the future.

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2: Minimum payments are a trap; they are often designed so that it takes months or years to pay off the balance.

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3: The adjusted balance is a measure of the cost of credit, expressed as a yearly rate that must be disclosed before you become obligated on the account and on your account statements.

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4: Federal law prohibits issuers from sending you a renewal or substitute card without your request.

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5: Accurate negative information can generally stay on your credit report for seven years, with certain exceptions.

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6: Realistic budgeting, credit counseling from a reputable organization, debt consolidation, or bankruptcy are all methods of dealing with debt.

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7: Chapter 7, known as straight bankruptcy, involves liquidating all assets that are not exempt. (Exempt items would include items such as work-related tools and basic household furnishings.)

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8: In exchange for an up-front fee, companies which guarantee that applicants will get the credit they want-usually a credit card or a personal loan - are always pre-approved by the FTC.

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9: %26quot;Dead Man Walking%26quot; was an example of companies scamming citizens out of their social security benefits.

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10: Credit and charge card fraud costs cardholders and issuers hundreds of millions of dollars each year.

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Credit card math help?

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Credit card math help?

You can visit http://www.debteraserzone.com and find very useful tips and several articles on credit card related matters. Report It

Credit card math help?

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9. False (%26quot;dead man walking%26quot;-refers to cancellation of social security benefits/etc. due to erroneous or fraudluent production of a death certificate in one%26#039;s nme or soc sec#.)

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Credit card math help?

Seriously, poke around this forum and others for a little while. Take a look at all the people who have screwed themselves over because they didn%26#039;t understand how credit worked, or didn%26#039;t realize how fast they could get themselves in too deep.

Think about that for a while, and try to understand why doing your own homework and actually learning something is a better idea than just getting the answers fed to you on the Internet.

Good luck to you.