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The grace period is the _____. maximum amount of money you can charge on the credit card time before the credit card company starts charging late fees least amount of money that must be paid at the end of a month period of time before the credit card company starts charging interest
Weegy: A grace period is a time past the deadline for an obligation during which a late penalty that would have been imposed is waived. (More)
Question
Updated 143 days ago|10/1/2016 7:18:36 AM
1 Answer/Comment
The grace period is the period of time before the credit card company starts charging interest.
Added 143 days ago|10/1/2016 7:18:34 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [10/1/2016 11:42:37 PM]
Name at least three consequences for excessive debt.
Weegy: Below are some common examples of the effects of having too much debt. Credit score About 1/3 of your credit score is based on how much debt you have. [ Having open accounts does not necessarily mean you will have a low credit score, making you a higher risk. However, owing money on several account will result in a lower credit score. Ability to obtain credit As mentioned, having too much debt will hurt your credit score. Lower credit scores mean that you will have a difficult time getting approved for certain types of loans and credit cards. Get more info on the effects of credit card debt on mortgages. Self-esteem Being in debt can have a big effect on how you feel about yourself. Having low self-esteem can snowball into many different issues, i.e. appearance, cleanliness, etc.. Illness Being in debt causes stress. Too much stress can make you physically ill. Sleep Stress will also result in difficulties in sleeping.Relationships Having high debt can result in money fights with your spouse. Couples usually have different views as to what is important/necessary and what is not when money is tight. Unfortunately, money issues is one of the top reasons for divorce. Getting divorced will not eliminate the problems though. It is crucial that you pay close attention to the status of all of your accounts, individual and joint when going through divorce ] (More)
Question
Expert Answered
Asked 4/9/2013 1:50:13 PM
0 Answers/Comments
Grace makes $2,200 per month. She spends $300 on credit card payments, $120 per month for a furniture purchase, and $450 on an auto loan. Does she have excessive debt? yes no
Question
Not Answered
Updated 4/23/2013 6:39:21 AM
1 Answer/Comment
No, she doe not have excessive debt. $1,330 will be the amount she would have left.
Added 4/23/2013 6:39:21 AM
What is the most important factor to consider when selecting a credit card if you pay the balance every month on time? APR annual fee late fee over-the-limit fee
Weegy: The rates and fees charged by a credit card company are the most obvious criteria to consider when selecting a credit card. Even if you do not intend to carry a balance on your card. (More)
Question
Updated 121 days ago|10/23/2016 9:08:37 AM
1 Answer/Comment
The APR is the most important factor to consider when selecting a credit card if you do not pay the balance on your credit card every month.


Added 121 days ago|10/23/2016 9:08:37 AM
This answer has been added to the Weegy Knowledgebase
A cash advance is _____. cash borrowed from a credit card account a bonus from the credit card company for being a good customer a loan obtained for spending money using a bonus from work to pay off credit debt
Question
Not Answered
Updated 8/5/2015 7:08:05 AM
1 Answer/Comment
A cash advance is cash borrowed from a credit card account.
Added 8/5/2015 7:08:05 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [8/5/2015 7:21:53 AM]
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