unit 2 Flashcards
(15 cards)
what is the annual depreciation for cars
%20
who pays highest insurance rates
20 year old unmarried men
how to reduce eventual mortgage payments
save now
why are credit cards good for college students
teach skills, guidance, good future, early start, smoother transition, less liability in fraud, independence, involvement, empowerment
what does a rational choice require
thinking before you buy, questioning
sources of credit
credit card, financial institution - both go back to banks
when to buy on credit
if you really need it or sometimes want it now
three credit bureaus
Equifax, Experian, transunion
score range
300-900
higher credit score means
better credit, lower interest
how to improve credit score
use card right and be patient
what payments can’t be dismissed
taxes, child support, alimony, student loans
what to consider when buying a car
new? foreign? engine size, safety features, gas mileage, vehicle size
most important thing about real estate
location
especially with a big purchase
buy within your means
