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    Chapter 4 Sec 2.5-4.1 PDF

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    All about derreonnn
    A credit card allows uncontrolled spending and debt for teenagers between 12-18 years old, while a debit card prevents debt by only spending your own money. Debt is not a helpful tool for learning to save, as it actually reduces future buying power. Large credit card debt can lower your FICO credit score and make it harder to get approved for loans or credit in the future. Without documentation of reported theft or fraud, the police may not be able to take action against scammers or identity thieves.

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    Chapter 4 Sec 2.5-4.1 PDF

    Uploaded by

    All about derreonnn
    3 views13 pages
    A credit card allows uncontrolled spending and debt for teenagers between 12-18 years old, while a debit card prevents debt by only spending your own money. Debt is not a helpful tool for learning to save, as it actually reduces future buying power. Large credit card debt can lower your FICO credit score and make it harder to get approved for loans or credit in the future. Without documentation of reported theft or fraud, the police may not be able to take action against scammers or identity thieves.

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    A credit card allows uncontrolled spending and debt for teenagers between 12-18 years old, while a debit card prevents debt by only spending your own money. Debt is not a helpful tool for learning to save, as it actually reduces future buying power. Large credit card debt can lower your FICO credit score and make it harder to get approved for loans or credit in the future. Without documentation of reported theft or fraud, the police may not be able to take action against scammers or identity thieves.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    3 views13 pages

    Chapter 4 Sec 2.5-4.1 PDF

    Uploaded by

    All about derreonnn
    A credit card allows uncontrolled spending and debt for teenagers between 12-18 years old, while a debit card prevents debt by only spending your own money. Debt is not a helpful tool for learning to save, as it actually reduces future buying power. Large credit card debt can lower your FICO credit score and make it harder to get approved for loans or credit in the future. Without documentation of reported theft or fraud, the police may not be able to take action against scammers or identity thieves.

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    © All Rights Reserved
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    of 13

    credit card

    debit

    credit card

    12-18

    teenager

    With a credit card you can uncontrollably spend and go into debt, with a debit card you can't go into debt because it's your money.
    tool

    borrower

    75

    debt
    I heard that debt is a tool and kindabeieved it because it'll teach you to save. That was a lie because debt will hurt your buying power.
    score
    credit

    debt
    FICO
    white collar

    fraud victim

    police
    nothing
    theft

    documentation

    hobby
    Because it will help them build up their profits in my opinion

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