A new television

A dream wedding

A house

Airline tickets to your dream vacation.

To pay for airline tickets to your dream vacation

When paying for higher education

To buy that new television

For a dream wedding

A house

Tuition for higher education

Airline tickets to your dream vacation

A car

Annual Percentage Rate (APR)

Fees

The look of the credit card

Both APR and fees

Annual Percentage Rate (APR)

The look of the credit card

Credit limit

Penalties and fees

Choosing a financial advisor

Choosing a credit card

Looking at your credit score

Selecting a financial institution

When you need a loan, you'll have more loan offers to pick from.

You'll get better interest rates on your loans.

It will be easier to get an apartment.

You'll get accepted to better education institutions.

Loan sharks will be less likely to bother you.

You'll get accepted to better education institutions.

You'll get more job offers.

When you need a loan, you'll have more loan offers to pick from.

True

False

They usually have a lower interest rate.

They required collateral.

They are less risky for the financial institution.

All of these are true.

it requires collateral

the loan takes longer to get.

it has high interest rates.

your parents will make sure you pay it back.

A higher interest rate

Collateral

Less risk for the financial institution

All of these are correct

manage your debt wisely.

check your credit score every week.

have credit monitoring

have many open credit cards

You won't be able to track your credit score

Your credit score will go up

Your credit score will go down

It will not affect your credit score

An increase in your credit score

A decrease in your credit score

Inaccessible credit score

No change in your credit score

Placing a credit freeze with the credit bureaus.

Monitoring your credit report every 2-3 years.

Allowing inaccurate information to be removed from your report after 7 years.

Utilizing a specialty locking or monitoring service.

Regularly monitor your credit report.

Contact lenders and credit bureaus to address incorrect information.

Freeze your credit.

All of the above.

Expensive specialty locking or monitoring service.

Place a credit freeze with the credit bureaus.

Regularly monitoring your credit report.

Contacting lenders and credit bureaus to report inaccurate information.

an increase in your credit score

paying more interest

late fees

All of the above

Your credit score can decrease

You won't have to pay interest

You won't have to pay any late fees.

Your credit score can increase.

Paying more in interest

Decreasing your credit score

Not having late fees

Increasing your credit score

get a loan from the car dealer directly to keep things simple.

select the loan that has the longest repayment period.

compare pre-approval offers and select the one that is best for you.

get a loan from the car dealer directly to keep things simple

look for the lowest interest rates you can find.

select the loan that has the right repayment period for you.

compare pre-approval offers and select the one that is best for you.

great idea because they want you to get the car so it'll be the best offer.

not great because they typically offer higher interest rates.

great idea because you don't have to deal with another lender.

not great because car deals don't offer loans.

A financial institution may offer for you to pay a little now and pay the rest after your next pay day.

You can borrow money from your friends and family.

You can ask to get out of your loan.

Your financial institution might allow you to deter the loan but you'll have to pay the interest.