Credit 1
What is the "number" that measures how credible someone is to pay someone back?
Credit Score
What is the amount spent in relation to what the total credit line is?
Credit utilization.
What is the period of time for a loan?
Term
If I let someone use my credit card and they fail to pay it off on time, what fee would incur?
Late payment fee.
What is a budget?
Plan of income and how it'll meet/fulfill expenses.
What is the card that lets you buy now and pay later?
Credit Card.
What is the factor of a credit score that describes how often you open credit accounts?
New Credit
What is the type of rate that is flexible and can change based on different factors?
Variable Rate Loan
What is the statement that lists transactions, fees, and payments?
What is the two difference of a commercial bank when compared to a credit union?
Higher fees and less favorable interest rates.
or
Lower fees and better interest rates.
This term describes the money charged or earned for using borrowed funds.
Interest
What is the record of your borrowing history, accounts and debts?
Credit report.
What is the loan taken out for a home or investment residency?
What is the payment after the due date?
Late payment.
How much does Mr. Sen weigh?
Between 170 and 180 lbs or 700 quarter pounders with no cheese.
What is the original amount of money borrowed?
What is the type of loan that does not require collateral and has higher interest rates?
Unsecured loan.
What is the amount charged for late payments, exceeding credit limits, or failure to pay?
Penalty Fees
What is a person who promises to pay in case of your failure?
Cosigner
2hollis, Kanye West, or Olivia Dean
What was the suggested amount of credit utilization for a "better" score?
What happens if you have an excellent credit score?
How does bad credit affect you?
Why is it better to use a credit card over a debit card when shopping online?
Fraud protection.
Authorized User?