Insurance Policies
3 different types of Insurance policies that can be purchased
What is Homeowner's Insurance, Auto Insurance, Life Insurance, Health Insurance, Boat Insurance, Renter's Insurance, Flood Insurance
A credit score check will be required if you wish to finance these (List 2)
What is a house, vehicle, land, any loan, credit card
A loan specifically for purchasing a home
What is a mortgage
Taxes come out of your check this frequently
What is every time you get paid
You must be this age to open your own credit card account
What is 18 years old
When you get in a wreck and have to file a claim you will have to pay what before insurance will cover the rest
What is a deductible
This is what happens to your credit score when you max out your credit card
What is goes down/loses points
Saving money to put towards a mortgage when purchasing a home
What is a down payment
Name the 3 taxes that come out of your paycheck that go towards federal funding
What is Federal Tax, Social Security Tax and Medicare Tax
The total amount of credit you have been allowed to use from a financial institution
What is credit limit
The lowest auto insurance coverage that you can legally have in the state of Texas
What is Liability Auto Insurance
According to credit bureaus what is the most important factor when determining your credit score
What is Payment History
A policy that will cover the cost to protect your home from damage or theft. This includes coverage over the physical house and what is inside.
What is Home Owner's Insurance policy
Texans are not responsible for paying this on their payroll taxes
What is a State Tax
Not paying your credit card bill in full every month will result in you paying this
What is interest on the amount you still owe
A policy that will cover the repairs of your vehicle if it is damaged by a natural disaster or theft/vandalism
What is comprehensive insurance
Name 3 of the 5 factors that are used to determine your credit score
What is Payment History, Amount of Debt, Length of Credit History, Age of New Credit, and Credit Type Mix
2 benefits of a large down payment on a mortgage include the following
What is lower interest rates, lower monthly payments
These are other deductions that can come out of your paycheck (Name 2)
What is retirement account contributions, Dental Insurance, Vision Insurance, Medical Insurance, Life Insurance
What is 30% of your credit limit
A policy that will cover the repairs of your vehicle if it is damaged in an accident with another vehicle or object, such as a fence or a tree.
What is collision insurance coverage
3 benefits of having a good credit score
The tax paid on property owned by an individual or other legal entity, such as a corporation, is known as
What is Property Tax
The form you fill out so your employer knows how much in federal taxes to withhold from your paycheck
What is a W-4 Form
The amount of days during a grace period where you make a transaction on your credit card and pay it off before interest is charged to the amount
What is 30 days