Credit counselors often advise individuals to limit their consumer credit (not including home mortgages) to
A) about 20% of take-home pay.
B) an amount no greater than 20% of total assets.
C) about 50% of long-term debt.
D) an amount that leaves 50% of their discretionary income flexible.
Correct Answer:
Verified
Q75: Interest payments are tax deductible on
A)only student
Q76: In applying for credit,you should omit all
Q77: Under the Fair Debt Collection Practices Act
Q78: The only sensible argument for using credit
Q79: You cannot be denied credit because of
Q81: Under the Equal Credit Opportunity Act,lenders may
Q82: A debit card usually has a 30-day
Q83: The primary function of a credit bureau
Q84: A potential employer is prohibited by the
Q85: A debit card is simply a credit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents