Credit/Banking

-Your credit rating may be checked when you try to rent an apartment

-Store credit card- is a credit card that can only be used at one company's stores and its affiliates

-Most people in their late teens and early twenties have credit cards

-The number of people in their late teens and early twenties with credit problems has increased in recent years

-If you pay the "minimum payment amount" each month, it will take a long time to pay it off

-Using your credit card to get cash advances make bad economic sense

-Balance transfer- is where you pay off one credit card by transferring your balance to another credit card

-if your credit card has high interest rate, do call to ask them to lower the rate

-if a credit card company gives you a very low interest rate, they can raise it if they notify you via email or phone call or mail