Credit - 1
Credit 2
Credit 3
Insurance 1
Insurance 2
100
Assets - liabilities
What is net worth
100
James was turned down for a loan because he recently committed a crime. Which C of credit would this be an example of?
What is character
100
A debt not forgiven when bankruptcy is filed
What is student loans
100
Required auto insurance in most states
What is liability
100
Life insurance that builds a cash value
What is whole life insurance or permanent insurance
200
A number that summarizes a consumer's credit history
What is credit score
200
Ten day period that some loans offer as "forgiveness" for a late payment
What is grace period
200
What type of loan has tax deductible interest?
What is mortgage (House payment)
200
The first dollar amount paid when an auto accident happens and the insured has collision coverage
What is deductible
200
The person who will receive the benefits of a life insurance policy in the event of the death of the insured
What is a beneficiary
300
Owning a home vs. renting carries what advantage?
What is equity in the home (property)
300
Loan rates are affected by the amount borrowed, length of the loan, and what other factor?
What is interest rate?
300
Kari is in trouble with credit. She needs to seek professional help, where should she go?
What is credit counseling
300
Health coverage that is offered by the employer and offers better coverage than the alternative
What is group insurance.
300
Life insurance policy that is usually for a set amount of years.
What is term or temporary insurance
400
The total of all interest and fees paid on a loan.
What is finance charge
400
The first step in disputing an error on your credit card statement.
What is contacting the company (preferably in writing)
400
The 20/10 rule states that you should limit your credit (other than mortgage) to 20% of
What is annual take home pay
400
Ted is hurt in an accident and needs income while he is unable to work. What kind of coverage would he need that pays him an income?
What is disability
400
Beth has auto liability limits of 50/100/50. How much will her policy pay for property damage per occurrence?
What $50,000
500
What would the total interest be on a $4000 loan @8% interest for 6 months?
What is $160
500
Which of the 5 C's of credit would explain why someone who has good credit could be turned down for a loan because of too much debt.
What is capacity
500
What would be the finance charge for a $5000 loan @ 6% for 12 months?
What is 300
500
Jill has a medical bill that totals $1000. Her policy has a $500 deductible and 80/20 co-insurance. How much would she owe of this bill?
What is $600
500
Whitney needs to have her knee checked out due to a fall during practice. What kind of insurance will cover this?
What is health insurance
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