A program that matches participants' savings 4 to 1 (which means that you can save up to $1875 and be matched with $7500 towards purchasing a home)
What is First Home Club
100
This agency protects the money a depositer has in a bank up to $250,000
What is FDIC
100
Equifax, TransUnion and Experian are all examples of these
What are Credit Bureaus / Credit Reporting Agencies
100
Money you owe to a personal credit card, auto loan, medical bill, student loans and a mortgage
What is Debt
100
A plan for how you will get and use your money so you can reach your goals
What is Budget
200
A savings option that is similar to a savings account but has a specific, fixed term, and, usually, a fixed interest rate
What is Certificate of Deposit
200
A type of bank account designed for routine use and may require a monthly maintance fee
What is Checking Account
200
When calculating your FICO score, this section weighs the most on your score
What is Payment History
200
If you fall behind on debt payments you may be contacted by one of these to make repayment arrangements
What is Debt Collector
200
A step-by-step plan for meeting expenses in a given period of time
What is Spending Plan
300
Cash or other resources accumulated and available for use in producing wealth; Assets that are invested in a venture
What is Capital
300
A banking option that allows for the transfer of income into an account without the hassle of paper checks
What is Direct Deposit
300
Red flags to lenders; usually such things as collections, unpaid bills, tax liens, foreclosures, deed in lieu, garnishments, and more.
What are derogatory items
300
This method of debt collection cannot be used by debt collectors on a debtor's SSI/SSDI, Veterans Benefits, Students Assistance, Welfare, and FEMA Assistance
What is Garnishment
300
This budgeting and organizational tool is useful if you pay your bills with cash each month.
What is Envelope System
400
This ratio compares a loan amount to an appraised value or purchase price (whichever is less)
What is Loan to Value ratio
400
With this type of account, a bank or credit union pays interest to you for letting it borrow your money
What is Savings Account
400
This act made made it so that credit card bills must be sent 21 days before the due date and credit card issuers must provide 45 days advance notice of changes to interest rates or other fees in writing
What is Credit CARD Act of 2009
400
This website is where one can go to get a free copy of their credit report detailing how they've paid their debts