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Credit Cards Know Your Rights Important: Please leave the questions on your document so I can keep track of what youre answering. If you remove

Credit Cards Know Your Rights

Important: Please leave the questions on your document so I can keep track of what youre answering. If you remove the questions, I will deduct five points and then grade it.

When a question has two parts (A and B), make sure you answer both parts for a total of two points for that question, except Part 1, 5B which is worth three points.

Part 1:

First, google TILA. 1A: What does TILA stand for? and 1B: what is it?

Next, click on the link below and answer the questions found on this website:

The Dangers of Credit Card Use | Credit.org

2. List the five Dangers of Credit Card Use:

Under # 5, click on the link: The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act).

3A: What is CFPB? ___________________________________

3B: What did the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) do?

Next, scroll down to where it says: While the CARD Act addressed many problematic practices in the market, the CFPB has outstanding areas of concern. There are four concerns listed.

4A. What is the first concern? ________________________

4B: Provide the three examples given in the first concern:

5A. What is the fourth concern? _____________________

5B: What are the three disclosures listed in the fourth concern?

1.

2.

3.

Part 2:

Now click the back button and scroll back up to the top of the first webpage and click on the link in the first paragraph: 5 things to know about paying off a credit card. The following five questions each have two parts (A and B). Answer both parts for a total of two points for each question.

What are the Top 5 Tips to Pay Off Your Credit Card Every Month?

1A. Tip # 1:

1B. If you are operating under the best-case scenario what are the results?

2A. Tip # 2:

2B. A Debt Management Plan (DMP) is optional, and they arent for everyone, but if youre a good candidate, a DMP lets you:

3A. Tip # 3:

3B. But after its paid off, what does this tip say?

4A. Tip # 4:

4B. The biggest factor in your Fair Isaac Corporation (FICO) score is:

5A. Tip # 5:

5B: Your first goal should be:

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