Credit
Why do you want good credit?
What is so the bank trusts you more
What is unsecured credit?
What is not secured by collateral
What is APR?
What is Annual Percentage Rates
What is it called when you don't have income anymore
What is loss of job
What's a down payment?
What is the amount of money the buyer pays upfront
What is a healthy credit rating?
What is 690-719
What is a payment card, usually issued by a bank, allowing its users to purchase goods or services, or withdraw cash, on credit
What is Credit card
What is a set length of time after the due date during which payment may be made without penalty.
What is grace period
How long will bankruptcy stay on your credit score?
What is 10 years
What is the loan term?
What is the number of years you will have to pay a mortgage
Who can see your credit score?
What is yourself, banks, insurance agencies, employers
What is personal loans, auto loans, mortgages, and student loans?
What is Installment loans
What is a charge that lenders and other companies impose on you when you fail to make an on-time payment.
What is late fees
What is bankruptcy?
What is being unable to pay outstanding debts
Will loans affect my credit score?
What is can lower a few points
How do you build credit?
What is pay your bills on time, maintaining credit limits
What is something that lets you pay for your studies by giving you access to funds with a low monthly repayment.
What is Student loans?
What is the price you pay to borrow money or the return earned on savings and investments
What is interest
Can you buy a home or a car while you are in bankruptcy
What is you would need to get court permission
What type of mortgages are there?
What is conventional loans, government backed loans, jumbo loans, fixed rate loans, and adjustable rate loans
How is your credit score determined?
What is payment history, amount owed, length of credit history, new credit, credit mix
What is it called when the borrower is led into a transaction that is not what they expected
What is predatory lenders
What is expenses beyond the down payment
What is Closing costs
Can you file for bankruptcy more than once
What is yes as many times as you need
What are the 4 C's that lenders look at?
What is capacity, capital, collateral, and credit