Scribd Logo
Upload

Welcome to Scribd!

  • Understanding Credit

    Uploaded by

    api-534087179
    39 views7 pages

    Original Title

    understanding credit

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
    39 views7 pages

    Understanding Credit

    Uploaded by

    api-534087179

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
    of 7
    ‘Acreditcard maylookkeasimplepice ofplasti butthere'sacomplexsystembehindhow itworks, Break down credit card mysteries by evewing the termsatpractcelmoneyskils. comy/credit and defining those terms below using your own words, 4 ite puget, le tagpit 6 Lhe A: gpl ve’ wo & STUDD ACTHTTEATSORETANAPECEOFPLASTE | 1 peg How much of he Total alan pido eer 3 montis? SST 1) How ach pid nara atar's monn? GAO ©) How ong ul take to completely pa ofthe land 222 roth 4) What's the total interest paid on the loan? Sule Tz you took the same amount thet wa paidin terest in the example above and invested _2¢625 years eaming arate of 6% annualy, you wou have gown the $1050 to over $72,000 ushg “The best advice | ever got as a teenager. Don't ever charge anything on a credit card you don’t already have the money in the bank to pay frit” — Ashton Kutcher it’s hard to stop the momentum Beware ofthe debt snowball, Once bad debt starts ling, the debt snowball cof money owed from piling up, Check out the scenarios belowtosee how can pickup interest and lead to years of continued payments Wate Realy cost? edt ad crying 25% Aaa ercentane STIPE eco) pay ani petit sch mea fe ree in EA Sooty aaa ee nese git nen ania be peers erin Hay reo fre the te ot Nectar sear ceca nao eng tae apy Re Ure clesir xt pratealnonerte

    You might also like