credit
budgeting/banking
debt
wise consumer/credit reporting
savings
100
Amount of money loaned not counting the interest
What is the principal
100
list all your creditors, balance owed, interest rates and minimum payments.
What are the first steps in creating a debt repayment plan
100
a business that buys your debt from an original creditor
What is a collection agency
100
Transunion Equifax
What are the two credit bureaus in Canada
100
The amount of interest we earn grows each year because the bank pays interest on what we put in, plus the interest we earned
What is compound interest
200
a short term loan that has fees equal to +/- 500% annual interest
What is a Pay Day loan
200
if you write a cheque out of your account without having sufficient funds
What is a NSF cheque
200
a form of revolving credit that will help you rebuild a good credit history
What is a secure credit card
200
700+
What is a good credit score
200
This is a way of saving on taxes while you save for retirement
What is RRSP
300
the interest free time period on your credit card
What is the grace period
300
to open one, you must be able to show two pieces of ID
What is bank account
300
when you pay off all your debt using another form of credit
What is a debt consolidation loan
300
R9
What is your credit rating if a bill goes to collections
300
very safe type of deposit account
What is a GIC
400
The maximum amount you can borrow on your credit card
What is a credit limit
400
A plan to help you manage your money and plan for the future
What is a budget
400
a kind of bankruptcy "light" in which you make a debt repayment proposal to creditors
What is a consumer proposal
400
an agency you call if you feel as though you are being harassed by a collection agency
What is a consumer protection agency
400
DAILY DOUBLE!!!!!!!!
What is Specific, measurable, achievable, realistic and timeframe attached
500
Allows you to borrow cash from your credit card
What is cash advance
500
Tax returns, notices of assessment and tax-related receipts are kept for this amount of time
What is 6 years
500
when you are allowed to go into the minus of your bank account but must repay the money
What is an overdraft
500
when a court order allows a creditor to take money from your paycheque.
What is a wage garnishement
500
You invest your money, along with many other investors, into“pooled” fund
What is a Mutual Fund
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