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Personal Finance Myths
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Avg score: 75% • Most missed: “Over-the-credit-line Fee”
Personal Finance Myths
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25 Questions

1. Character

2. Balance Is Not Paid Off Each Month.

3. Annual Fee

4. Capacity

5. Card And Have Not Accrued Interest Charges.

6. Credit Report

7. Credit History

8. Obtaining Cash With The Card Instead Of Using The Card To Make A Purchase. The "Grace Period" Does Not Apply To Cash Advances. An Instant Loan - And Finance Charges Will Be Applied On This Money From The Time

9. Account.

10. Credit

11. If Payments Are Not Received By The Due Date Listed On The Statement - They Are Considered Past-due (Late) And Late Fee Charges May Be Added To The Bill. Late Payments May Show Up On Credit Reports And Numerous Late Payments Make Obtaining Additional Credit Difficult.

12. Transferring The Whole Or Partial Balance Of One Credit Card To Another Credit Card. Balances Are Usually Transferred To A Card With A Lower Annual Percentage Rate.

13. The Number Of Days Between The Last Statement Date And The Current Statement Date.

14. Creditor

15. Over-the-credit-line Fee

16. Five C's Of Credit

17. The Yearly Percentage Rate Of The Finance Charge. The Annual Percentage Rate May Be

18. Truth In Lending Act

19. Benefits

20. Grace Period

21. Interest Rate

22. Finance Charge

23. Periodic Rate

24. Costs

25. Interest

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