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answer all of them please!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Question 12 What are two problems some people face because of their reliance on credit? Choose two (2) answers. Selected Answers: C. Can pay off the amount owed any time D. They will have a feeling of independence from debt. A. Problems repaying the amount they owe B. Bllng mistakes can occur. C. Can pay off the amount owed any time. D. They will have a feeling of independence from debt. Answers Question 13 What effect does bankruptcy have? Selected Answer: A. Declaring bankruptcy increases your credit score because youre starting over. Answers A Declaring bankruptcy increases your credit score because youre starting over B. Creditors can take your assets, and it gives you a bad credit record. C. None of the other answers. D. Bankruptcy has no effect on your credit record.

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Answer #1

Q 12.

A ( Due to reliance on credit card, sometime, they go overboard and amount becomes so hight that they face problem to replay on time)

B (Some times billing mistage occurs regarding calculation on interest rate charged, any dispute related payment etc)

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Q13. B - Bankrupcy means, you can't pay to your lender, suppliers, employees, So all assets will be taken away and will give very bacd credit score.

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Q 8 (A) - This provides the indformation about cost of lending. hence, it is finance charges and APR

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Q 9...(B) .. As per FCBA it is 50 $

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Plz get back for any clarification ............All the best.

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