4. If you have ever missed a repayment deadline, what was the result? What could you have done differently/better?

5. Are you concerned that the major national credit bureaus may have files containing information about you? What do you think about the process required to correct errors in those files?

Chapter 7

2. If you wanted to borrow money to study abroad for a semester and could pay it back within two years after returning, would you prefer a single-payment loan, an installment loan, or a cash advance on a credit card? Why?

4. If you were the borrower, how would you feel about the fact that interest costs are higher in the early months of a declining- balance loan than they are in the later months?