Your auto loan should have a term of this many months or less.
What is 48 months?
100
You would search this on the internet to find homes for sale or rent and even apartments for rent.
What is MLS? (Multiple Listing Service)
100
Lines of credit have this type of interest rate (fixed or variable)?
What is variable?
200
Not paying your credit card bills on time can hurt or lower this.
What is a credit score.
200
Auto loans have this type of interest rate (fixed or variable).
What is fixed interest rate?
200
A house loan typically has this type of interest rate (fixed or variable).
What is fixed interest rate?
200
In class we have been comparing a line of credit to this since they both have variable interest rates, minimum monthly payments, and no term length.
What is a credit card?
300
How much you earn factors into your credit score (True or False)
What is False
300
When purchasing a car it is recommended you have this to cover expenses such as your title, license, and registration.
What is a down payment?
300
Before buying a house you should have this person check for termites mold and other problems.
What is a inspector?
300
This type of a line of credit is typically used to purchase inventory, fix items in a store or restaurant that have broken, or provide a store with additional cash for any type of expenses.
What is a Business Line of Credit?
400
A plastic card that identifies you as someone who can buy on credit.
What is Credit Card?
400
Used cars have higher interest rates than new cars (True or false).
What is True?
400
A home loans term (length of the loan) is typically this many years.
What is 15 or 30 years?
400
This type of line of credit can be provided to people who own a home and have equity built up in that home.
What is home equity line of credit?
500
Every person has this many credit scores (hint: 1 from each credit bureau).
What is 3?
500
New cars have higher interest rates than used cars (true or false).
What is false? New cars have lower interest rates.
500
When purchasing a house you will need this which typically covers 20% of the houses final price.
What is a down payment?
500
This line of credit is typically given to a person based off their credit score and does not require any form of collateral.