1. Paul has a credit card balance of $3000 at the beginning of the month. He pays $1500 on the 10th and makes no additional charges. Assuming a 30 day month and a 12 % annual interest rate what would be the interest charge for the month?

2. Name at least FIVE ways the CARD Act of 2009 protects consumers from predatory lending practices.

3. What advantages are associated with having a higher credit score?

4. Using sources on the internet, please list at least seven ways to improve ones credit score, identifying which component would be affected by each tip. Please make sure to include at least one recommendation for each of the five components.