Credit card Part 2

Front

Low-Interest loans with no specific purpose is called: Auto Loan, Mortgages, Student Loan, Personal Loan

Back

Personal Loan

Front

High-Interest, short-term loans, often used if one is low on cash:

Back

Payday Loan

Front

This is where your direct deposit goes on payday from your job: Payday Loan, Checking account, Mortgage, Student Loan

Back

Checking account

Front

Bank loans that allow people to buy homes in installments:

Back

Mortgage

Front

Bank loans that help people buy vehicles in installments:

Back

Auto Loan

Front

An account where you can deposit money for an emergency

Back

Savings account

Front

A document permitting a person to drive a motor vehicle is called:

Back

Driver's license

Front

For those 18-21 years old, a parent can sign for them to open a credit card account:

Back

Co-signer

Front

A card used to identify someone legally as who they are is called:

Back

Identification

Front

Typically, how does a person qualify for a certain amount of loan for a credit card? Options: Debit card, Income, Identification, Co-signer

Back

Income