Credit Unit

Why type of credit is a car loan?

The maximum amount you can charge on a credit card.

Another word for interest on a credit card.

A flat rate bank charge for use of a credit card each year which can range from $0 to $300.

What factor has the biggest positive or negative impact on your credit score?

What are the three C's of credit?

The process of moving unpaid credit card debt from one issuer to another.

The usual trade-off of choosing small payments on a loan is

An individual who agrees to repay a loan or consumer debt if the borrower defaults.

The low rate charged by a lender for an initial period to entice customers to switch cards.

A business that collects and sells information about how customers repay debt.

Who is most likely to check your credit score?

Money paid for the use of money.

Charge imposed for not paying on time.

What is true about a payday loan?

How will your payments be applied if you have different APR's on the same card?

You will most likely find the least expensive loan from

Which of these transactions would NOT result in a fee?

A loan that is paid in equal monthly installments with a fixed interest rate.

What is the best type of insurance to have on your credit card?

A short-term, high-interest cash loan secured by a paycheck.

Examples of credit card incentives are

What was the average interest rate charged in Wisconsin by payday lenders in 2013?

A designation that indicates a person has not paid a debt that was owed.

All of the following are national credit reporting agencies except:

A number between 300-850 that reflects the credit history detailed by a person's credit report.

The written agreement that gives you the terms and conditions of a credit card account.

What is your liability if you have lost your credit card?

The interest-free time a lender allows between the transaction date and the billing date.

What is the limit that payday lenders in Wisconsin can charge before the maturity date?

A document that contains financial information about an individual focusing on their credit.

What happens when you only pay the minimum payment on your credit card bill?

What are three things that you can buy in which it is wise to use credit?