Credit Card Loan
This rate affects how much interest is charged monthly on your credit card balance.
What is the APR?
What is the term used for the total amount you borrow to buy a car?
What is the principal?
This term refers to the number of years it will take to repay the mortgage.
What is the loan term?
This type of short-term loan is usually due on your next paycheck.
What is a payday loan?
This number is used by lenders to judge how risky it is to lend you money.
What is a credit score?
This is the amount you owe on your credit card
What is the balance?
This is the extra cost added to your loan for borrowing money, typically expressed as a percentage.
What is interest?
This percentage affects how much interest you’ll pay over the life of a mortgage.
What is the interest rate?
Payday loans often have this type of extremely high cost for borrowing.
What is a high interest rate or APR?
This budgeting rule suggests you spend 50% on needs, 30% on wants, and 20% on savings.
What is the 50/30/20 rule?
This calculator helps estimate how long it will take to pay off your balance if you only make this.
What is the minimum payment?
This online calculator helps you estimate your monthly car payments based on amount, interest rate, and loan term.
What is an auto loan calculator?
This total amount includes the principal and all the interest paid over the life of the loan.
What is the total cost of the mortgage?
This online clculator can help you understand how much a payday loan will cost with the fees and interest.
What is a payday loan calculator?
This is a plan that tracks your income and expenses to help you manage your money.
What is a budget?
Using this type of calculator, you can find out how much interest you’ll pay over time.
What is a credit card calculator?
This type of loan allows you to borrow money for a car, and requires the car itself as collateral.
What is a secured loan?
Using a mortgage calculator, this is the upfront amount that reduces the loan principal.
What is a down payment?
True or False: Payday loan companies often don't require a credit check.
What is true?
This type of account earns interest and is ideal for emergency funds.
What is a savings account?
This strategy can reduce interest paid and help you pay off credit card debt faster.
What is making more than the minimum payment?
Extending your auto loan from 72 to 84 months may lower your monthly payments but increases this.
What is the total interest paid?
This is the monthly cost calculated based on loan amount, interest rate, and loan term.
What is a mortgage payment?
Failing to repay a payday loan on time can lead to this harmful cycle.
What is a debt cycle?
This type of insurance helps cover medical expenses in case of an injury or sickness.
What is health insurance?