UGBA 135 EXAM PACKAGE DEAL WITH 100% CORRECT SOLUTIONS

Automobile insurance quote usually provide three limits for liability coverage. if you buy a policy with 100/300/50 coverage limits what type of coverage have you purchased? - ️️$100,000 bodily injury liability insurance per person, $300,000 total bodily injury liability insurance per acciden...

If you carry a credit card balance: - ️️The interest rates for purchases, cash advances, and convenience checks may be different. With a deferred interest plan, if you are late in your payments - ️️You may be charged interest in the entire balance In terms of annual income, to be in the ...

When are credit card payments due in order not pay a penalty? - ️️To avoid a late payment fee alway make sure your credit card payment is made two days before the due date if paying online, or five days before if paying by mail. What is a prenup agreement? - ️️A prenuptial agreement is en...

What is a charge card? - ️️- Issued by a retailer allowing you to charge purchases made only with their store - store credit usually carries high rates or interest as high as 20 - 30% on unpaid balances What is prepaid card? - ️️- Offered by banks and non- banks - not linked to one's ...

Can you increase credit score by increasing your credit limit? - ️️Yes, only if you stay below a 50% debt-to-credit ratio on each credit card. 30% ratio is the best for top scores. Increase credit limit to lower credit ratio Three credit scoring agencies - ️️Transunion () -- Empirica scor...

What is a credit hold on your account? - ️️when a hotel or car rental charges more money just incase damage is done-if you go over limit you worry about over draft fees, if hold is executed if will count against credit-don't have to tell how much hold is-no maximum interest rate, virtually...