Lei sung was reviewing her credit card statement and noticed several charges that didn’t look familiar to her. Lei are unsure whether she should pay the bill in full and forget about the unfamiliar charges, or “make some noise.” If some of these charges aren’t hers, is she still liable for the full amount? Is she liable for any part of these charges, even if they’re fraudulent?
Answer to relevant QuestionsExplain how the financial crisis of 2008–2009 affected borrowers. Does this have any implications for how you should approach borrowing decisions?Janine Waite has several credit cards, on which she is carrying a total current balance of $14,500. She is considering transferring this balance to a new card issued by a local bank. The bank advertises that, for a 2 percent ...Identify several different types of federally sponsored student loan programs.Briefly describe the basic features of an installment loan.Kevin Hams plans to borrow $8,000 for five years. The loan will be repaid with a single payment after five years, and the interest on the loan will be computed using the simple interest method at an annual rate of 6 percent. ...
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