Consumer - Credit

How many credit cards does the average American family have?

What is a last resort when you can’t make any of your debt payments?

Loans repaid in regular payments over a period of time are called what?

When a court orders you to have part of your pay check paid directly to one of your lenders....

What do you call an agency that collects credit information about you?

What is the maximum amount you can charge on a credit card called?

Which of the following is an advantage of using credit?

Paying the minimum monthly payment is a good way to pay off your credit card debt.

If your credit card is stolen and you have no insurance, you are responsible for any charges

Credit and debit cards add convenience to everyday purchases

This law outlines procedures for settling credit card disputes.  

What kind of loan combines all your debts into one loan with lower payments?

Who's slogan starts: "There are some things money can't buy, for everything else, there's..."

This person can best help you with your credit problems and arrange better payment plans.

A loan that is NOT backed by any collateral is called what?

What color is this?

What law requires credit card companies inform consumers about the credit terms and costs

Complete the slogan: "Visa, its everywhere..."

Those who pay their credit card bill in full are favorite customers of a credit card company

Which of the following is NOT a smart use of credit cards?

What is a loan called if it is backed by collateral?

When you buy a house or a car, you usually have to pay some money up-front.What is this called?

If you wanted to lower the rate on your credit card, you may get a low rate by asking.

What is the person called who loans money to another?

These credit cards can only be used at the business that issued them?

How much credit card debt does the average American family carry?

If you find an error in your credit report, you should do what?

Which of the following loan sources will probably give you the lowest interest rate?

What is the person who borrows money called?

A low introductory rate offered by a credit card is called what?

An agreement to get money, goods & services now in exchange for a promise to pay in the future 

Creditors will often increase this if you pay your bills regularly:

When you borrow money from a credit card rather than use it to make a purchase...

The part of a loan that remains after making a down payment is called what?

A  person who is responsible for payment of a loan if you don’t make the payments is called:

Credit card companies are very reluctant to issue credit cards to college students. 

This is NOT a reason for credit to be denied: