Credit Card Knowledge

Even if you make your credit card payments on time, the credit card bank can raise your interest rate automatically if you're late on payments elsewhere -- such as on another credit card or on a phone, car, or house payment -- or simply because the bank feels you have taken on too much debt.

Your answer:
TrueFalse

Your credit score -- known as a FICO score -- has become a vital statistic for many Americans and can be widely shared. It is used to determine how much you can borrow, how much you pay for life insurance, if you can rent a home, and, as already noted, it can be a factor in determining the interest rate you pay on a credit card.

Your answer:
TrueFalse

There is no limit on the amount a credit card company can charge a cardholder for being even an hour late with a payment.

Your answer:
TrueFalse

It's important to read the fine print on your credit card agreement.

Your answer:
TrueFalse

Many Americans are inattentive about their credit card accounts.

Your answer:
TrueFalse

There is no federal limit on the interest rate a credit card company can charge.

Your answer:
TrueFalse

Significant credit card debt can put you at a markedly higher risk of bankruptcy.

Your answer:
TrueFalse

You can get help.

Your answer:
TrueFalse

Go to this link and read it: http://www.pbs.org/wgbh/pages/frontline/shows/credit/more/fineprint.html The credit card user can take a credit card company to court in a class action suit.

Your answer:
TrueFalse

Go to this link: http://www.pbs.org/wgbh/pages/frontline/shows/credit/eight/responsibility.html Is financial education included in the "No Child Left Behind Act" Answer true if it is and false if it is not.

Your answer:
TrueFalse