Loans
What's a report showing loan principal and interest amounts owed?
Amortization
What is the upfront partial payment made at the time of purchase, reducing the amount financed by a loan?
Down Payment
What is a detail report of a person credit history?
Credit Report
What factors influencing creditworthiness?
character, credit, capacity, & collateral
How many teams in the NBA?
30
What is an asset a borrower pledges to a lender as security for repayment of a loan?
Collateral
What is the process of converting the total principal and interest owed over the life of a loan into equal periodic payment amount?
Loan Amortization
What does CRA stand for?
Credit Reporting Agency
What are the five factors of FICO score?
Payment history, amount owed, length of credit, new credit, credit mix
What is New Orleans also called?
Crescent City
What is interest rate that stay constant or fixed?
Fixed Interest Rate
What is a loan used to purchase real estate?
Mortgage
What company creates and maintains credit report and credit scores?
CRA
What is the ability to repay loans based on income?
Capacity
What is New Orleans Zoo name?
Audubon Zoo
What interest rate that adjust periodically based on changing in the economic and or financial conditions?
Floating Interest Rate
What is the payment made by a tenant to an asset owner for use of property?
Rent
What is the numerical representation of an individual credit worthiness?
Credit Score
What is a card with cash deposit as collateral?
Secured Credit Card
What was New Orleans Arena Football team called?
New Orleans Voodoo
What is the sum of money that is borrowed, with the expectation that it will be paid back with interest over a specified period of time?
Loan
How does mortgage loan help someone build wealth?
Equity
What is the assessment of a borrower's ability to repay a loan based on their financial history and current financial status?
Credit worthiness
What is a loan that help build credit and payment are reported to credit bureau?
Credit Builder Loan
Where do the Pelican Basketball Team Play?
Smoothie King Center