Review Game Zone
Games
Test
Preview
Back
Match it!
Match it! Select the correct answer from the pull down...Good luck!
A person has 3 credit cards with very large outstanding balances and is unable to make payments on any of them. Which action should the person take?
department store charge cards
fulfill income guidelines
The amount you owe on the card is below your credit limit.
Late payments
A personal loan without assets to cover the loan amount.
a collateralilzed loan
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
Notify the credit card companies in order to negotiate a new payment plan.
Which of the following is considered to be open-end credit?
department store charge cards
fulfill income guidelines
The amount you owe on the card is below your credit limit.
Late payments
A personal loan without assets to cover the loan amount.
a collateralilzed loan
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
Notify the credit card companies in order to negotiate a new payment plan.
What is meant by uncollateralized loan?
department store charge cards
fulfill income guidelines
The amount you owe on the card is below your credit limit.
Late payments
A personal loan without assets to cover the loan amount.
a collateralilzed loan
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
Notify the credit card companies in order to negotiate a new payment plan.
Which factor would most likely lead to an increase in the interest rate on a person's credit card?
department store charge cards
fulfill income guidelines
The amount you owe on the card is below your credit limit.
Late payments
A personal loan without assets to cover the loan amount.
a collateralilzed loan
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
Notify the credit card companies in order to negotiate a new payment plan.
To qualify for a Federal Housing Administration (FHA) loan, a person must generally
department store charge cards
fulfill income guidelines
The amount you owe on the card is below your credit limit.
Late payments
A personal loan without assets to cover the loan amount.
a collateralilzed loan
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
Notify the credit card companies in order to negotiate a new payment plan.
You can continue to charge purchases on your credit card when:
department store charge cards
fulfill income guidelines
The amount you owe on the card is below your credit limit.
Late payments
A personal loan without assets to cover the loan amount.
a collateralilzed loan
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
Notify the credit card companies in order to negotiate a new payment plan.
When a borrower fails to repay a loan and there is a co-signer on the loan, the most likely result will be
department store charge cards
fulfill income guidelines
The amount you owe on the card is below your credit limit.
Late payments
A personal loan without assets to cover the loan amount.
a collateralilzed loan
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
Notify the credit card companies in order to negotiate a new payment plan.
When a person brings an item to a pawnshop to obtain cash, the transaction is considered
department store charge cards
fulfill income guidelines
The amount you owe on the card is below your credit limit.
Late payments
A personal loan without assets to cover the loan amount.
a collateralilzed loan
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
Notify the credit card companies in order to negotiate a new payment plan.
Check it!
Match it!
Match it!