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Raikkonen
Schumacher
Lauda
Fangio
Ascari
100
The cost of borrowing money.
What is Interest?
100
You go into this when you receive credit.
What is Debt?
100
These two determinants let you know how much money you owe on a loan.
What is Principal and Interest?
100
The original amount of money that you borrow.
What is Principle?
100
The receiving of funds today with the promise of paying it back in the future.
What is Credit?
200
These two results are seen when taking out a longer installment debt.
What is Smaller Monthly Payments and the More Interest You Have to Pay?
200
An installment debt owed on property-houses, buildings, and land.
What is a Mortgage?
200
The two major types of credit.
What is Credit Cards and Loans?
200
The effect on your credit score of declaring bankruptcy.
What is Decreases Your Credit Score?
200
Installment loans are most often used on these goods.
What are Durable Goods (TVs, cars, etc.)
300
Financial institutions whose main functions are to accept deposits, lend money, and transfer funds among banks, individuals, and businesses.
What are Commercial Banks?
300
This type of loan is backed up by collateral.
What is a Secured Loan?
300
This type of loan is only backed up by the promise to pay back the loan.
What is an Unsecured Loan?
300
The meaning of the acronym "APR".
What is Annual Percentage Rate?
300
Rates that start low (or at zero) for a set amount of time and then increase dramatically.
What are Teaser Rates?
400
Although hated by most Americans, these people keep many companies in business.
Who are Debt Collectors?
400
These financial institutions are owned and operated by its members to provide savings accounts and low-interest loans only to its members.
What are Credit Unions?
400
The car manufacturer of Mr. C's fiancee's car.
What is a Kia?
400
The name of the boy who planted the tree in The Lorax.
Who is Ted?
400
Three things that credit bureaus look at to determine your rating.
What is your Collateral, Character, and your Capacity to Pay?
500
The inability to pay debts with your income.
What is Bankruptcy?
500
You should never borrow from these people...EVER!
What is WESTERN SKY!?!?!?!?!
500
Largest form of installment debt in the U.S.
What are Mortgages?
500
This agency investigates people to see how risky they are to lend to.
What is the Credit Bureau?
500
Consequences for not paying your bills on time.
What is having your possessions repossessed, lowering your credit score, and increasing your interest rates?