Personal Finance - CH04: Open Qs

Explain why debt and credit are a bad idea. How could they negatively affect your life?

What is the danger of putting up collateral for a loan?

Explain why the importance of a good credit score is a myth.

List three ways the credit card industry makes money off of customers.

What is the difference between an appreciating asset and a depreciating asset? Give examples of both.

Describe marketing tactics that the credit industry uses to trick people into getting into debt.

Explain the Debt Snowball Method. How can it help you get out of debt?