This type of obstacle is caused by others; created by you or your reaction to an outside event.
What is internal obstacle?
100
- Approved for a specific amount.
- Monthly loan payment calculated when you take out the loan.
What is Installment credit?
100
The person who gives or loans you the money is called the?
What is lender or creditor?
100
What does TIP stand for?
What is tuition incentive program?
200
What does the "M" stand for?
What is measureable?
200
This obstacle is caused by something or someone else.
What is external obstacle.
200
- Asset pledged against the loan.
- This pledged asset is called collateral.
What is secure credit?
200
What does APR stand for?
What is Annual Percentage Rate?
200
What does ETV stand for?
What is education training voucher?
300
What does the "A" stand for?
What is Achievable?
300
Thinking what could go wrong before it does go wrong can help you be better prepared—anticipating obstacles and having plans to handle those obstacles is called contingency planning.
What is contingency planning?
300
- Borrow as much as you want up to a credit limit.
- Make minimum payment depending on balance
What is revolving credit?
300
What you agree to follow when taking out a loan. Includes: interest rate, kind of interest rate, length of the loan, where payments are due, when payments are due and more
What is terms?
300
What does FUP stand for?
What is Family Unification Program?
400
What does the "R" stand for?
What is Results oriented?
400
something that you own that has value
What is an asset?
400
No asset pledged against the loan
What is unsecured credit?
400
What you earn before deductions.
Deductions may be taken for:
Federal income tax
Social security
Medicare
State tax
Local tax
Insurance
What is gross income?
400
This federal law makes it illegal to discriminate against anyone for housing due to :
Race or color
Religion
Sex/gender
National origin
Familial status
Disability
What is The Fair Housing Act?
500
What does the "T" stand for?
What is timebound?
500
Something you owe. When people buy assets they often borrow money to afford the asset. This creates debt. Debt is money you owe to another person, a business or the government