Banking
A for-profit institution that offers personal loans, mortgages, and other services.
What is a Bank
Money in the form of bills or coins.
What is Cash
Money owed.
What is Debt
A yearly fee.
What is an Annual Fee
A standardized measurement of the potential to repay a debt.
What is Credit Score
A not-for-profit cooperative that offers bank services and is owned by its members.
Credit Union
A written order for a bank to pay money.
An amount deducted from a bank account.
What is Debit
Annual percentage rate is the amount of interest charged for any unpaid balance.
What is APR
A record of a person’s financial information, including previous addresses, Social Security number, current and previous employers,estimated income, credit card accounts with amount owed and payment history, and loan information.
What is Credit Report
A business that provides money-related services.
What is Financial Institution
A card authorizing the holder to buy goods and services that can be paid for later.
What is Credit Card
The amount of financial trust extended to a person or a business by a lender; a loan.
What is Credit
The maximum a cardholder can borrow. It is recommended that cardholders keep a balance of no more than 25 percent of the credit limit.
What is a Credit Limit
300 to 850
A wireless service that allows financial transactions by using an app or Web browser from a mobile device.
What is Mobile Banking
A card that operates like cash; money is immediately subtracted from the cardholder’s bank account when a purchase is made.
What is Debit Card
A legal process in which a lender takes possession of mortgaged property from a mortgage holder who failed to make payments.
What is Foreclosure
The cost of credit—the fees and interest charged to finance the unpaid balance.
What is Finance Charges
A credit score of 720 or above
What is very good to excellent
An electronic way to view account activity and pay bills via the Internet and an institution’s website.
What is Online Banking
An online payment service that allows consumers to transfer money electronically.
What is Paypal, Venmo, CashApp etc
(any of the above will be correct)
A legal process that gives a debtor protection from creditors.
What is Bankruptcy
The smallest amount that can be paid to meet loan requirements.
What is Minimum Payment Due
A credit score below 600
What is poor credit risk