Credit Management
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Avg score: 39% • Most missed: “The length of time the borrower will take to repay a loan; expressed as a fracti…”
Credit Management
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25 Questions

1. A pre-established amount that can be borrowed on demand with no collateral

2. A responsible attitude toward living up to agreements

3. Debts erased by the court during bankruptcy proceedings

4. A loan that is not backed by pledged assets

5. Ingredients necessary for maintaining physical life

6. A shopping method that enables consumers to determine whether they are getting the best quality for the price

7. The interest rate lenders offer to their best business customers

8. A part of the purchase price paid in cash up front - reducing the amount of a loan

9. The complete record of your borrowing and repayment performance

10. A company that gathers - stores - and sells credit information to business subscribers

11. Your total borrowing should not exceed 20 percent of your yearly take-home pay - and you should not take on monthly payments that total more than 10 percent of your monthly take-home pay

12. The ideals in life that are important to you and affect your decision making

13. The value of your next best alternative whenever you make a choice

14. Small loan companies that usually charge high interest rates

15. The intentional misrepresentation of information with the intent to deceive or mislead

16. An agreement to lend the borrower an amount up to a stated limit and to allow borrowing up to that limit again whenever the balance falls below the limit

17. An agreement to have a service performed now and pay for it later

18. Property pledged to a creditor to assure repayment of a loan

19. A person who owes money to others

20. Money borrowed to buy something now with an agreement to pay for it later

21. Property possessed that is worth more than debts owed

22. A loan for a specific amount that must be repaid in full - including all finance charges - by a stated due date

23. The total dollar amount of all interest and fees you pay for the use of credit

24. The length of time the borrower will take to repay a loan; expressed as a fraction of a year

25. A person who actively promotes consumer causes

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