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Which of the following is NOT true about layaway plans?
provides a line of borrowing so you can use what you need
your credit rating doesn’t matter to them when you are seeking a loan
The buyer is allowed to take merchandise home before its paid for
a house or a car may be used as collateral to guarantee the loan
vacation
you analyze a problem and ,make a decision that is best for you
deals mainly in real estate loans
There is no interest to pay
Which of the following is NOT something that a person may go into debt for that is typically considered good debt?
provides a line of borrowing so you can use what you need
your credit rating doesn’t matter to them when you are seeking a loan
The buyer is allowed to take merchandise home before its paid for
a house or a car may be used as collateral to guarantee the loan
vacation
you analyze a problem and ,make a decision that is best for you
deals mainly in real estate loans
There is no interest to pay
Which of the following is NOT true about commercial banks?
provides a line of borrowing so you can use what you need
your credit rating doesn’t matter to them when you are seeking a loan
The buyer is allowed to take merchandise home before its paid for
a house or a car may be used as collateral to guarantee the loan
vacation
you analyze a problem and ,make a decision that is best for you
deals mainly in real estate loans
There is no interest to pay
A savings and loan association
provides a line of borrowing so you can use what you need
your credit rating doesn’t matter to them when you are seeking a loan
The buyer is allowed to take merchandise home before its paid for
a house or a car may be used as collateral to guarantee the loan
vacation
you analyze a problem and ,make a decision that is best for you
deals mainly in real estate loans
There is no interest to pay
When using the decision model addressed in this module,
provides a line of borrowing so you can use what you need
your credit rating doesn’t matter to them when you are seeking a loan
The buyer is allowed to take merchandise home before its paid for
a house or a car may be used as collateral to guarantee the loan
vacation
you analyze a problem and ,make a decision that is best for you
deals mainly in real estate loans
There is no interest to pay
Which of the following is true about a secured loan?
provides a line of borrowing so you can use what you need
your credit rating doesn’t matter to them when you are seeking a loan
The buyer is allowed to take merchandise home before its paid for
a house or a car may be used as collateral to guarantee the loan
vacation
you analyze a problem and ,make a decision that is best for you
deals mainly in real estate loans
There is no interest to pay
Which of the following is NOT true of installment credit?
provides a line of borrowing so you can use what you need
your credit rating doesn’t matter to them when you are seeking a loan
The buyer is allowed to take merchandise home before its paid for
a house or a car may be used as collateral to guarantee the loan
vacation
you analyze a problem and ,make a decision that is best for you
deals mainly in real estate loans
There is no interest to pay
Open-end credit …
provides a line of borrowing so you can use what you need
your credit rating doesn’t matter to them when you are seeking a loan
The buyer is allowed to take merchandise home before its paid for
a house or a car may be used as collateral to guarantee the loan
vacation
you analyze a problem and ,make a decision that is best for you
deals mainly in real estate loans
There is no interest to pay
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