Capítulo 8: Questionário sobre Gestão de Crédito e Implicações

What does APR stand for in the context of credit costs?

Which type of loan typically requires collateral?

What should a consumer do first if they identify an incorrect billing statement?

Secured credit cards require a cash deposit that serves as collateral.

The Truth in Lending Act (TILA) requires lenders to provide clear disclosure of credit terms.

Definition

Definition

Arrange these steps in resolving a billing statement error in the correct order: Review the statement, Contact the billing company, Escalate to consumer-advocacy agencies, Keep a record of all communications. (put the first step at the top)

Rank these types of loans from lowest to highest typical interest rates:

How does regularly checking your credit report and disputing inaccuracies contribute to maintaining a healthy credit score?