Unit 11: The Bottom Line On Borrowing Module 121: Factors That Affect Your Credit Rating: Question Preview (ID: 26246)

Below is a preview of the questions contained within the game titled UNIT 11: THE BOTTOM LINE ON BORROWING MODULE 121: FACTORS THAT AFFECT YOUR CREDIT RATING: Unit 11: The Bottom Line On Borrowing Module 121: Factors That Affect Your Credit Rating .To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]

Play games to reveal the correct answers. Click here to play a game and get the answers.

When making a purchase using an installment plan, the consumers agrees to repay the loan
a) within a short period of time b) without being charged interest. c) with interest d) over a specified period of time plus monthly interest charges. In equal payments
which of the following is a sign that a person is having financial problems
a) changing jobs for a higher salary b) paying bills with credit card cash advance c) having high car expenses d) using checks to pay for bills
A personal monthly budget contains both fixed and variable expenses. Which is considered a variable expense
a) car loan payments b) rent c) Life insurance d) food
The amount of an individual's take-home pay after taxes have been taken out
a) Gross Income b) Net Income c) A savings plan d) Interest rate
The Five C's of Credit are factors that determine your creditworthiness
a) character, capacity, capital, conditions, and collateral. b) cosigner c) Credit history d) Capital
The true cost of credit that must be disclosed on a loan agreement  
a) The annual percentage rate (APR) b) loan secured by some asset you own c) there are state usury laws. d) character, capacity, capital, conditions, and collateral.
good reputation, Integrity Do you pay your bills on time?refers to a borrower's reputation and history of paying obligations. Does the lender see you as a trustworthy person
a) Character b) The annual percentage rate (APR) c) A savings plan d) FDIC 250,000
security given for loan, assets to secure the debt
a) Collateral b) Capacity c) Capital d) Character
your ability to repay the debt. Do you have sufficient $money to repay a loan  
a) Capacity b) Capital c) Character d) buy a home, purchase a car, make home improvements, get an education, find a better job, or receive better insurance rates.
many different people will use your credit history , they include
a) employers, loan officers, insurance agents, and landlords b) Collateral c) Capacity d) The annual percentage rate (APR)
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from the data set above, visit ReviewGameZone.com and enter game ID number: 26246 in the upper right hand corner at ReviewGameZone.com or simply click on the link above this text.

Log In
| Sign Up / Register