Credit Flashcard
Flashcard
•
Life Skills
•
10th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
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30 questions
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1.
FLASHCARD QUESTION
Front
Using credit to buy goods or services
Back
forces you to spend future income
2.
FLASHCARD QUESTION
Front
An agreement that allows the borrower an indefinite period of time to repay is a(n)
Back
open end credit
3.
FLASHCARD QUESTION
Front
Loans that require collateral are
Back
secured loans
4.
FLASHCARD QUESTION
Front
Experian, Equifax, and TransUnion, LLC., are examples of
Back
credit reporting agencies
5.
FLASHCARD QUESTION
Front
You obtained a loan against the available credit on your account, therefore you took a
Back
cash advance
6.
FLASHCARD QUESTION
Front
A Visa card is an example of a(n)
Back
revolving credit account
7.
FLASHCARD QUESTION
Front
The most common form of bankruptcy filing is
Back
Chapter 7
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