Loans
Loans to pay for education
What are student loans?
Someone who receives a loan from a lender.
What is a borrower?
Betting money on an uncertain event.
What is gambling?
Celebrities or authorities promoting a product.
What are endorsements?
A short term high interest loan that must be repaid in 2 weeks
What is a Payday loan?
The cost of borrowing money (APR)
What is interest?
Your personal key to your financial information that should be guarded.
What is your social security number?
Bartering in order to get a lower price.
What is negotiation?
Loans repaid in regular, fixed payments over a set period
What are installment loans?
Someone who agrees to make loan payments if the borrower can't.
What is a co-signer?
What are credit bureaus?
Comparing prices of similar products to find the best value.
What is comparison shopping?
A large payment made upfront when buying a house or car.
What is a down payment?
Credit that has no collateral (Ex. student loans, credit cards.)
What is unsecured credit?
Cybercrime where attackers trick others through emails and texts.
What is phishing?
Individuals who promote products or services on platforms.
What are social media influencers?
An asset that is security for a loan.
What is collateral?
The original amount borrowed, excluding interest.
What is principal?
Cybercrime where attackers redirect users to fake websites
What is pharming?
Tactics designed to promote and sell products or services
What are marketing strategies?