Think about the activity, "True Cost of Credit." Consider each question, come to a conclusion and then click the question to reveal the answer.

question mark icon icon

What single factor influenced the interest rate each cardholder was given?
question mark icon

Credit rating.

Close

question mark icon

How does the interest rate impact the cardholder’s ability to pay off the loan?
question mark icon

Payments are higher, so they may be harder to make on time.

Close

question mark icon

Describe actions you plan to take to ensure you get the best possible interest rates.
question mark icon

Work to earn an excellent credit rating and then protect it. (Consider taking the Florida Department of Financial Services course Credit Reports and Credit Scores to learn how.)

Close

initAccordion();