Modules 114-115 Review Part 2

Match it! Select the correct answer from the pull down...Good luck!

High-interest loans with expensive fees and a high risk of losing collateral are costs associated with a(n)

. Isabella's father gets the electric bill. He knows he has to pay the entire bill by the specified date. This type of credit is called a

Jessica took out a loan and paid $100 in application fees and 10% interest on the loan. These costs are called

A loan is secured by collateral it is called a(n)

When you are shopping for a loan, the rate you compare is the

. Isabella's father adds $100 to his monthly payments for his secured loan. He does this because he is trying to _______ the cost of the loan.

If you spend more than your credit limit, you pay these fees.

Carlos wants a loan. He finds one that does not require collateral, but he can only borrow a small amount. Because he does not have to possess collateral, his loan is a(n)