Credit
Service Credit
Credict
Signals
Problems
100
Define credit ?
Buy now pay later
100
What is an example of service credit?
Drink Water
100
What 3 steps are involved when trying to get credict?
Application Investigetion Evaluation
100
Give me 2 examples of debt disaster signals
Finding it difficut to save Payng debt cost with saving
100
Explain what the statement means that you should pay yourself like a bill mean?
Mony and saving
200
What is credit based on?
Trust
200
What is the definition of interest?
Inters is the cost of credit
200
What are the 3'Cs of credict
Character Capacity Capital
200
If bought 1500.00 worth of merchandise, and had to pay 7% for taxes and 12% for shipping and handling, what wouldbe your total bill?
$1785
200
An endorsement on the back of a check consisting only of a signature is called?
blank
300
What are 2 advantages
Buy now pay later Saves money
300
What is collateral?
securid
300
What do they meand of the 3C's of credict?
Dependasility Abuilty to replay Finnancial resorces
300
If you bought 100.00 worth of mechandise, and had to pay 5% for sales tax, how much would you pay?
$105
300
what is an endorsement on the cack of a check called with "for deposit only" called?
Restrictive endorsment
400
What are 2 disadvantages of credit ?
Cost interest To much money
400
What is promissory note?
Verb conrtract
400
Name 2 things can people do to try and esbablish a credit rating
Banck card Take a small money pay back
400
if purchased 300.00 of merchandise, and had to pay 15% for shipping and handli, how much would you pay to have it shipped to your destination?
$45
400
What is an endorsment which allows you to tranfer ownership of a check called?
special or full
500
If bought 450.00 worth of merchandise, and had to pay 11% for taxes and 9% for shipping and handlinh, What would be you total bill?
$540.00
500
Who pays all the costs of using credict?
barroword
500
What are 2 things you can do if disaster strikes when using credit?
Stop borrow Talk with people barrow money
500
if your purchased 150.00 worth of merchandise, and hay to pay 10% shipping and hadling, and 7% for sales tax, what would be the total of your bill?
$175.50
500
what is the vocabulary term called when you do not have enough money in your account to cover the check you just wrote?
insufficient fund or "bouncedd check"
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