4. Using the Internet to Obtain Information about the Costs of Credit. As pointed out at the beginning of this chapter, credit costs money; therefore, you must conduct a cost/benefit analysis before making any major purchase. While most people consider credit costs, others simply ignore them and eventually find themselves in financial difficulties. To help consumers avoid this problem, each of the following organizations has a home page on the Internet:

Finance Center Inc. helps consumers save money when purchasing, financing, or refinancing a new home or a car, or making a credit card transaction.

Debtors Anonymous offers financial counseling to debt-ridden consumers. (

Bank Rate Monitor provides rate information for mortgages, credit cards, auto loans, home equity loans, and personal loans.

Choose one of the above organizations and visit its Web site. Then prepare a report that summarizes the information the organization provides. Finally, decide how this information could help you better manage your credit and its costs. (Obj. 2)