JH Unit 4: Credit Comprehension

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Friends and family will typically work with you to set up a repayment plan you can afford
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Terms in this set (12)
Justin really wants to attend the 8th-grade graduation ceremony, dance, and field day, but all the tickets combined cost $75, and he doesn't have that much. Justin has no job, gets no allowance, and his birthday was just last month, so he's not expecting any gifts soon. What's a potential downside of asking his friend Kylie for a loan?
A high credit score will make it easier for him to get loans or credit cards with better interest ratesMiguel's parents keep telling him he should worry about his credit score. He says, "Why bother?" Why should Miguel care?The total amount you borrowedWhen discussing a loan, such as a college loan or auto loan, what does the word "principal" mean?