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CREDIT 1
CREDIT 2
CREDIT 3
CREDIT4
CREDIT 5
100
What arw the three things used to qualify for credit
What is Income, Financial Position, Collatera.
100
Property pledged to assure repayment of a loan.
What is collateral
100
Personal property pledged to a lender to secure a loan
What is Collateral
100
What is the use of comeone else's money, borrowed now with the agreement to pay it back later.
What is Credit
100
A written statement of a consumer's credit history
What is Credit Report
200
A BUSINESS THAT OFFERS GOODS AND SERVICES TO CUSTOMER, FOR EXAMPLE A DEPARTMENT STORE
What is A Retail Business
200
How did credit begin in the US
What is bartering society
200
The timeframe when you can pay your current balance in full and incur no interest charges
What is grace period
200
People to whom credit is extended
What is a debtor
200
Unlicensed lenders who charge elevated rates of interest.
What is Finance Companies
300
The amount you pay annually for your credit card.
What is Annual Fee
300
Businesses that supply information to credit bureaus about their customers
What is a subscriber
300
A plan whereby merchandise is set a side in a customer's name until it is paid for.
What is Lay a Way
300
What are the 5C's for creditworthiness
What is Character Capacity Capital Conditions Collateral
300
Someone who promises to pay if the buyer fails to pay
What is cosignor
400
When purchases are not charged to a company until a later date.
What is Deferred Billing
400
A Pre established amount whereby you can add up purchases up to a certain limit
What is a Line of Credit
400
A legal business that makes high interest loans based on the value of merchandise pledged as collateral.
What is Pawnshop
400
Laws that set a maximum interest rates that can not be changed
What is Usury Laws
400
A legal business whereby merchandise is set aside in a customer's name until it is paid for
What is Lay A Way
500
The people to whom credit is extended.
What is Borrower
500
A person or company that extends credit to another individual.
What is Creditor
500
The use of long term savings to earn a financial reward is
What is Investing
500
The property you possess that is worth more than your debit
What is Capital
500
Name the w credit Bureaus
What is TransUnion Experian Equifax