Definitions
The ability to obtain goods or services.
Credit
Place where the term "credit" started.
Rome
An FHA loan helps with buying what?
A house
How long would it take to pay back a loan if you had to pay $300 a month for 48 months to pay it off completely?
4 Years
What are my cats names?
Kaya and Oliver
Adding money to an account
Crediting
A credit score that is subprime is below this number
300
You might pay PMI or MIP when getting what?
Mortgage/House
What is the month interest of a $15,000 at 10%?
$124.5 or $125
Latin meaning of the word "credit"
Belief
A financial instrument in which one party borrows from another.
Loan
An optimal credit score is above this number
800
How many types of federal student loans are there?
3
What is the monthly interest for each? Which is lower? By how much?
A. 5% at 50,000?
B. 12% at 20,000?
$205 and $200, B, $5
What Roman leader has a bad anniversary coming up and when is it?
Saturday the 15th, Julius Caesar
The actual balance of a loan
Principle
The max credit score is this number
850
Federal student loans are different than conventional student loans because they are based on _____, rather than ______
Need, want
If I have $1,000 free per month and have to pay a minimum on a loan of 350, how much extra should I pay a month to have the loan paid off in 4 years if it is a $30,000 loan?
625
What are the first 5 digits of Pi?
3.14159
FICO meaning.
Fair Isaac Corporation
The Latin word for credit
Credere
Unsecured Loan
Monthly payment is wrong, should be $415
Today is the birthday of this famous singer who now resides in Western MA, known for songs like "You've Got a Friend in Me" and "Fire and Rain".
James Taylor