Module 2 – BORROWING: Using Credit Wisely

1. Introductory Rates – “teaser” rates on credit cards, then goes up after 6+ mths. 2. Fixed Rates – will stay the same during the life of the loan (installment loans), therefore monthly payment amounts stay the same. 3. Variable Rates – adjustable rates that change according to the changes in the economy; on credit cards AND loans. III. ................
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