Personal Finance Exam 2 Flashcards
(26 cards)
What kind of warranty to you get with a service contract?
a agreement with the contract seller and the buyer of a product to to provide repair of replacement for covered components of the product for specified time period.
What is the process for opening a credit card and what is not allowed in opening a credit card?
Unsecured Debt
Secured Debt
a loan where the borrower had pledged some asset as collateral to guarantee a loan
What are some recommended ways to get out of debt?
What is the Better Business Bureau all about?
If you have a credit card with a special logo, what kind of credit card do you have?
What does Bankruptcy allow you to do? What can’t you do?
What is the name of the credit cards that retail stores offer?
Who offers a more reliable and expensive used cars?
How do you find the balance of a credit card?
What is the difference of buying a used car vs. a new car?
buying cars after a couple years and then trade in every 5 years.
What happens if a credit card is stolen?
What are the sources that banks generate revenue from credit cards?
What is the name for the dates between billing period with a credit card?
When using the decking balance method of interest, when do you apply?
What helps you be a better online shopper?
What is the rule of 78ths?
Simple method to calculate paying off money early
What is the percentage of vehicles leased per year?
Simple Interest Loan
Add-On Loan
Who does the installment of a purchase agreement provide protection too?
What does the for credit report act law require?
How is interest calculated when you have a lumpsum payment?
