Dave Ramsey Chapter 4 Latest Update 100% Correct

Dave Ramsey Chapter 4 Latest Update 100% Correct Paradigm A different way of looking at something Cash advanced Charges of 400% and up for their services Credit Money loaned Home equity loan Using your home as collateral to borrow money Co-signing Taking responsibility for someone else's loan Debt consolidation Combining debt into one payment Leasing Long-term rental agreement False Debt consolidation is wise False You need a credit car to rent a car True Buying used cars is a good way to minimize depreciation False The typical millionaire drives new cars False The elderly are the number one target of credit companies False Co-signing a loan is a way to help out a friend or relative True The lottery is a tax on the poor and on people who can't do math False Home equity loans are a good way to consolidate debt True It is never wise to take out an ARM or balloon mortgage False Paying off the balance of your credit