Show:
Section 1
Section 2
Section 3
section 4
Random
100
What is the privilege of using of using someone else money for a period of time?
What is credit
100
what is the cost of using someone else's money
What is intrest
100
What is a form on which you provide information needed by a lender to make a decision about granting credit
What is credit application
100
what is a credit counselor?
A credit counselor discuses and suggest actions to take to reduce spending and eliminate credit difficults
100
What is the best number in the world
What is 24
200
What is the total dollar cost of credit including interest and all other charges?
What is finance charge
200
What is a disclosure required by law.
What is annual percentage rate (APR)
200
What is a credit bureau?
A credit bureau is a credit reporting agency
200
What is the consumer credit reporting reform act?
This act places the burden of proof for accurate credit information on the credit reporting agency rather than on you
200
What is property that is used as security
What is collateral
300
What is one in which you agree to make monthly payments in specific amounts over a period of time?
What is installment loan
300
What is a date in which a loan must be repaid.
What is maturity dates
300
What is the record of transactions completed during the billing process
What is statement of account
300
What is the Fair Credit Billing Act?
It requires prompt correction of billing mistakes.
300
What is a person's reputation for paying bills on time is?
What is credit rating
400
What is a note that is responsible for payment of the note if you do not pay as promise
What is cosigner
400
What is the formula for simple interest?
Interest= Principle x Rate x Time
400
What is one of the most important part of an credit application?
What is credit refrences
400
A person may be denied credit on the basis of his or her____?
What is Income
400
What of the following is an advantage of using credit
What is lower credit rating
500
What is a written promise to repay based on a creditor excellent credit history?
What is promissory note
500
True or false. The principle of a loan is the total amount of interest that will be paid.
True
500
How can you avoid loss due to fraud.
You should check your credit card account statements very very carefully for errors.
500
What is the legal process of reducing or eliminating a account owned?
What is bankruptcy
500
Large purchases are commonly bought using?
What is installment credit