4-1
You know debt causes financial __________ and __________.
What is insecurity and stress.
Personal loans often come with higher interest rates and _______.
What are fees?
A credit score is a three-digit number that tells the bank and lenders how likely someone is to _____ _____.
What is repay dept?
Credit card companies make money when you _____________.
What is, use their product?
These are the 2 main ways to purchasing a car.
What is direct financing, and leasing?
What is debt?
What is, anytime you owe anybody money - for any reason.
This is something you offer up to a lender like a car or a house when you take out a loan.
What is collateral?
You may have heard a credit score refered to as a __________ score.
What is FICO?
Are charge you pay for using a lenders money.
What is interest?
This is the inistial amount of money you put down on a house or car.
What is the principal?
Credit is a ___________ companies sell, and you're their target.
What is product.
When you put up something for collateral, the loan becomes ___________.
What is secured?
This is something that is like a report card for your credit.
What is a credit report?
When credit card companies set spending limits on each account based on a person's income, credit score, and any other outstanding debt.
What are, Over-the-limit fees?
The _______ method is the best way to tackle getting out of debt.
What is Snowball?
When a lender offers you credit through a credit card, or loan, or student loan, they're offering you the opportunity to ______________.
What is borrow their money?
A car loan is an example of _____________ credit.
What is instalment?
You can request a credit report every year once you turn 18 from a ________ ________ like Experan, TransUnion, and Equifax.
Credit Bureau
When you are late to make a payment on your debt, this is something that you have to pay.
What is a Late Payment Fee?
Like everything else about you, how you spend your money - and give your money-____________.
What is, reflects who you are?
To hook you, credit card companies have several tried and true marketing techniques you need to watch out for. Name 2 of them.
What is low or zero interest rate, and minimum monthly payments.
Homes increase in value over time as the mortgage is paid. What does this produce?
What is equity?
What are you looking for when checking your credit report?
What is errors and fraud?
Spending with a _________ is the closest thing to paying with cash.
What is a debit card?
Debt is an ____________.
What is obsticle.