Brian spend up to $500 on his credit card. This max amount is referred to as
What is CREDIT LIMIT/LINE
100
A lender's check or view of your credit rating
What is an INQUIRY
100
Paying off one credit card balance by moving it to another credit card
What is a BALANCE TRANSFER
100
Using your credit card to get cash from an automated teller machine
What is a CASH ADVANCE
200
Ciara doesn't have to pay interest on her charges for 4 weeks. This period of time is referred to as the
What is GRACE PERIOD
200
Julianna takes years to pay off her balance because she pays the lowest possible payment. This is referred to as
What is the MINIMUM PAYMENT
200
Claire's detailed record of past borrowing and credit payments is referred to as her
What is Credit History/Credit Rating
200
Kayla asks her customers if they would like to sign up for a Modell's Credit Card when they check out. This type of store credit card is referred to as:
What is a RETAIL CARD
200
Someone who pays off his or her entire credit card balance each month
What is a BALANCE PAYER
300
Christian pays a fee to a lender for use of their money.
This is fee is referred to as
What is INTEREST
300
Stephen throws out his statements and doesn't pay his bill. He might need someone to promise to pay his bill if he doesn't when applying for his next loan.
What is a COSIGNER
300
Why would Ciara contact Experian, Transunion or Equifax?
What is to obtain a copy of her CREDIT REPORT
300
Vito is excited about his new credit card invitation because it comes with an APR of 0% for the first 6 months. This invitation is called a
What is a CREDIT CARD SOLICITATION
300
Rylee uses a plastic card to pay for purchases with funds that she has in her bank account. This card is called a
What is DEBIT CARD
400
Josiah pays a total of 18.99% interest. This acronym is know as
What is APR (ANNUAL PERCENTAGE RATE)
400
Kassidy pays the amount for 36 months to pay off her car loan with no additional/hidden costs. These payments are called
What is INSTALLMENTS
400
Kerra wants to know what her credit score is and requests info at freecreditreport.com. What is this document called?
What is a CREDIT CARD STATEMENT
400
Lisa receives a solicitation with a 0% interest on using her credit card to get money out of a bank machine. This process is called a
What is CASH ADVANCE
400
Raven only uses her credit card when she has the money in the bank to cover the charge. She is referred to as a
What is PURCHASE ENABLER
500
Skylar pays her bill after the due date and is charged this additional fee:
What is a LATE PAYMENT FEE
500
Leah notices that there are charges on her card that are fraudulent. How many days does she have to dispute the charges?
What is 60
500
Jenna has excellent credit. Her score would range from ________ to __________.
What is 750 to 850
500
Sean borrows $4,500 to buy a car. What is the term associated with the original amount borrowed?
What is PRINCIPAL
500
Haylie purchases items on the spot without thinking of their collective cost. This type of purchase is called: