Other Loans
In order to qualify for a Home Equity Line of Credit you need
available equity in your home
is something, typically money, that is owed or due.
is an agreement between a lender and a borrower that allows the borrower to buy goods or services now and pay for them later.
Credit
What is Mr. Adam's middle name?
Adam
personal loan is a loan that doesn't require collateral, like a car or home, to be secured. Instead, lenders use your credit history and score to assess the risk of lending you money.
Unsecured
is a way to get your debt under control through financial planning and budgeting?
Debt Management
is a record of your credit history, including your payment history, loans, and current debt.
Credit Report
What Bank did Mr. Baker most recently work for?
Regions Bank
is a short-term, high-cost loan that is typically due on the borrower's next payday.
Payday Loans
Daily Double: A major key to successfully following your debt payoff plan is to ensure that your payoff plan is ?
Realistic
What does CRA stand for?
Credit Reporting Agency
What subject does Mr. Baker teacher besides Financial Literacy
Special Education
is a type of loan that combines multiple debts into one loan with a single monthly payment.
Debt Consolidation
is where you pay off your smallest debts first. Once you’ve paid off your smallest debt completely, you apply the payments you previously made toward it to pay the next smallest debt.
Debt Snowball
Daily Double: What does the acronym FICO stand for?
Fair Isaac Corporation
Everybody Love Everybody
is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans such as credit cards
HELOC
Good debt can help you achieve your financial goals and build wealth? T or F
True
What are the 3 major CRAs in America?
Equifax, Experian, TransUnion
How many kids does Mr. Adam have?
Two