Credit

Question 0

Inane charge

Answer 0

Interest charges

Question 1

Apr

Answer 1

Interest rate

Question 2

Default amount/acceleration clause

Answer 2

Speed up loan if ur not paying

Question 3

3 C’s of credit

Answer 3

Character
capability
capital

Question 4

Credit measures

Answer 4

700+ wonderful

620- horrible

Question 5

Things to consider

Answer 5

Should I borrow
Do I need it
Can I pay later

Question 6

Types of credit

Answer 6

Installment

Revolving

Question 7

Character

Answer 7

Credit history

Willingness to pay back

Question 8

Capacity

Answer 8

Income

Question 9

Capitol

Answer 9

Value of ownings

House car

Question 10

Installment credit

Answer 10

Secured
Backed by collateral
Mortgage

Question 11

Revolving

Answer 11

Unsecured
High interest rate
Credit cards

Question 12

Sources of credit

Answer 12

Banks

finance companies

Question 13

Process for credit card

Answer 13

1. loan application

2. Credit bereaus

Question 14

Credit bereaus

Answer 14

Trans union
Experian
Equifax

Question 15

C.A.R.D.

Answer 15

Credit accountability responsibility act

Question 16

F.C.R.A.

Answer 16

Fair credit reporting acte

Question 17

E.C.O.A

Answer 17

Ethics & compliance officer association

Question 18

Help for credit problems

Answer 18

Debt consolidation loans

Credit counseling services

Question 19

Truth in lending

Answer 19

A

L banks calculate cost in same way

Question 20

Equality in lending

Answer 20

Illegal to refuse lending based on physical appearance

Question 21

Protect your credit

Answer 21

Have right to get free credit reports

Question 22

Resolve billing & product quality malfunctions

Answer 22

Right to correct banks mistakes