Loans
How many loans can a person have?
A person can have as many loans as the bank/credit approves.
-What is the sales tax in Nova Scotia
0.15%
What is debt?
Money that is owed to a bank or government.
What is the age requirement for a credit card?
18-19 Years old
What's the most money u can get in a loan in Nova Scotia?
$500,000 Dollars
-What is the Income tax rate in Nova Scotia
8-9%
How do you get into debt?
Bad financial decisions
ex: spending beyond means, not paying your payments
What is credit card debt?
Money which you owe to the bank
What is a title loan?
A title loan is an option for borrowing money, If you have a low credit score.
What is income tax?
Tax based on your income
How do you get out of debt?
By paying it off with money or filling for bankruptcy .
How do you build credit?
Keep balance low and pay back in time
What is a government loan?
A government loan is a financial assistance loan that is borrowed from the government.
Name 1 types of taxes?
-Sales tax
-Income tax
-GST
-Property tax
What happens if you avoid debt?
How do You get a credit card
Apply for one at your bank
What is a credit builder loan?
A short termed loan
What is sales tax?
A tax after purchasing a item
What happens if you dont pay your debt?
-credit scores will lower
-collections
What is the most money you can get on a credit card in Nova Scotia?
$10,000