Credit
What is it called when you have bene leant money with the expectation of a future payment?
What is credit?
What is the date called in which you must repay the money borrowed back?
What is maturity date?
What is a partial payment of a loan, usually paid monthly?
What is an installment loan?
What is it called when you place an asset as a item to possess if you default on your loan?
What is a collateral?
What is it called when you spend more money that you have?
What is deficit spending?
What is a creditor?
If you never establish credit you will never have this rating
What is a credit rating?
What is the smallest amount you must pay in any given month in order to keep your credit account in good standing?
What is the minimum payment?
Who is a person with good credit that can sign with you and help you get a loan, but is also financially responsible?
What is a co-signer?
What is it called when a company gives you cash along with your credit?
What is a cash advance?
What is the interest (fee) in yearly format?
What is an annual percentage rate (APR)?
What status is you account in when payment is overdue?
What is delinquent?
What is an interest rate that can change over time?
What is a variable rate?
What is the report of a person's credit?
What is credit report?
What is 20 %
The money you borrow is called?
What is principal?
What is the initial cash sum that a buyer must pay in order to make a credit purchase or get a loan?
What is a down payment?
What is a summary of the activity in your credit card or other account?
What is an account statement?
What is the chronological time line of a person's history of credit?
What is credit history?
It is recommended to have no more that how many credit cards?
What is no more than 2?
What is another term for finance charge and APR?
What is finance charge?
What is the time period in which you can pay a credit card bill on new purchases without being charged interest?
What is Grace Period?
What is it called when you have filed with the courts when you are not able to pay your bills?
What is bankruptcy?
What kind of loan do you get when you do not need to put collateral towards the loan?
What is an unsecured loan?
What is a technique to ensure you have all your bills written down- and you can plan to pay all of your bills and on time?
What is a budget?