Author Question: Why is a low credit score problematic? A) It leads to penalties. B) It makes it more difficult ... (Read 50 times)

shofmannx20 · **on:** Jul 12, 2018

Why is a low credit score problematic?

A) It leads to penalties.
B) It makes it more difficult to borrow.
C) It lowers your interest rate.
D) It raises your credit limit.

Question 2

Which of the following rules was included in the 2009 CARD Act, designed to regulate the credit card industry?

A) Interest rates on credit cards cannot be raised.
B) You must be at least 21 years old to get a credit card.
C) Students can receive gifts when they apply for credit cards.
D) Colleges must disclose marketing contracts with credit card companies.