Credit Management
Define Credit
What is the ability to borrow money and repay the balance overtime
Define Debt
What is money owed later in a exchange of services or goods?
Define FAFSA
Define Federal Student Loans
What is loans issued by the government/U.S Department of Education to help students pay for college or maybe tuition, books, and etc...
Reasons for Credit
Reason why Debt is important
What is finding a middle ground of living affordably with your needs & also, wants?
FAFSA Determines what...
What is your eligibility for most of the loans, grants, or scholarships?
Define student loans..
What is a sum of money borrowed from a lender to help towards a student education?
Advantages of a credit card
What is a quick source for emergencies, easy way to build credit, and earn cash back offers?
Ways to build your Credit
Is debt a good thing?
Yes or No ?
What is .....
YES & NO
Certain debt can be beneficial if it is managed correctly.
The loan that is more beneficial for students under Federal Student loans
What is Subsidized Loans?
the two type of student loans
What is federal student loans & private student loans?
Disadvantages of a credit card
What is high interest rates, tempting to buy things that you cannot afford, and annual fees?
Define Credit Score
What is the number value attached to how trustworthy you are as an investment from a lender?
Reasons why too much debt is bad
What is sacrificing things in life in order to make minimum payments?
Define Unsubsidized Loans
What is a federal student loan that the interest rate begins moment the loan is disbursed into your account?
The two loans under Federal Student Loans..
What is Subsidized and Unsubsidized Loans?
What is an amount that will be charged to your line of credit?
Places to check your credit score
Reasonings of Too Much Debt
Does a private loan offer MULTIPLE ways of repayment?
YES OR NO.
What is....
No!
private loans does not have multiple repayment options.
What is loans that is not issued by the government by provided by a private institution?
Should you automatically consider a debt management plan?
YES OR NO?
What is NO.
But, when you are currently in bad debt and need a plan to help get out your debt, a debt management can be beneficial for you. A debt management plan should be your last consideration because it could impact credit score.