Insurance
People must pay this to keep insurance policies active
What are premiums?
This number shows how well you manage credit and repay debt.
What is a credit score?
Borrowing money or buying goods now with a promise to pay later is called this.
What is credit?
Doctors and lawyers often carry this type of insurance.
What is malpractice insurance?
Besides loans, you should apply for these to help pay for college.
What are scholarships?
Not paying your full credit card balance leads to this.
What is an interest charge?
This covers employees injured on the job.
What is workers' compensation insurance? (workmen's comp)
This important application is required for most financial aid for college.
What is the FAFSA?
When choosing a credit card, look for one with this; just ensure it fits your needs.
What is a rewards program?
If a driver without insurance hits you, this optional coverage helps.
What is uninsured motorists insurance?
This type of debt service sounds good because it combines loans, but it often costs more than keeping separate loans.
What is debt consolidation?
You should do this immediately if your credit card is lost or stolen.
What is report it?
This type of insurance pays for damage or injuries you cause to other people or their property.
What is liability insurance?
These businesses charge desperate people extremely high interest rates, sometimes as much as 300%.
What are payday loan stores?
When choosing a credit card, look for a low one of these
What is a low annual percentage rate (APR)?
In Wisconsin, drivers are legally required to have this type of car insurance.
What is liability insurance?
This type of loan requires a large final payment that you might not be able to afford.
What is a balloon payment?
Some credit cards charge this, a fee just for having their card.
What is a service fee?
This insurance covers damages caused by theft, storms, or vandalism.
What is comprehensive insurance?
If you must take out a loan, this type is the cheapest option.
What is a federal loan?
Something valuable, like a car or a house, that you offer as a guarantee when taking out a loan
What is collateral?
This type of car insurance covers damage to your own vehicle, even if you were at fault in the accident.
What is collision insurance?
This type of interest rate looks cheap at first, but can grow and become expensive over time.
What is a variable interest rate?
Credit that requires collateral is called this
What is secured credit?