Question

select the correct answer.
. something that credit card commercials dont show you is...
how great your life will be with payments
people making payments for months or years on those credit card purchases
how much your credit score will grow right away
how happy your parents will be that they dont have to lend you cash anymore
while it may not always appear so, the majority of americans live paycheck to paycheck.
true
false
when a homeowner takes out a home equity line of credit (heloc), that loan can only be used for home repairs and renovations.
true
false
when you finance a new car, you will end up paying more than the sticker price.
true
false

Explanation:

1. Credit card commercials often focus on the perks and not the long - term payment reality. People making payments for months or years on credit card purchases is something not shown.
2. Studies and data indicate that a significant portion of Americans live paycheck to paycheck.
3. A HELOC can be used for various purposes like debt consolidation, education expenses etc., not just home repairs and renovations.
4. When financing a new car, interest and other fees are added, resulting in paying more than the sticker price.

Answer:

1. People making payments for months or years on those credit card purchases
2. True
3. False
4. True