EVERFI MODULE 5: CREDIT AND DEBT MODULE LATEST COMPLETE UPDATE EXAM SOLUTION 2023

EVERFI MODULE 5: CREDIT AND DEBT MODULE LATEST COMPLETE UPDATE EXAM SOLUTION 2023 What is the Annual Percentage rate of a credit card? List the types of things that would be a good choice to purchase with a loan. What are the benefits of a credit card? What are the negative effects of a credit card? What 3 things are required when applying for a credit card or loan? Explain the ways you can acquire a credit card without established credit. What is a secured credit card? What does it mean to have a co-signer? What responsibility will the co-signer have? List the 3 major credit bureaus. What is a secured loan? What is "credit limit" in regards to a credit card and what impact does it have if you surpass this limit? What happens if you miss a loan payment and what is the best option if this happens? What is bankruptcy? What type of loans will remain even if you file bankruptcy. How will you be affected if you only make the minimum payment of your credit card each month? What should you look for when selecting a credit card? What is the most important to consider?