Understanding Short-Term Loan Options

Front

Madison is considering taking a loan from a title loan center. What is the primary risk she faces?

Back

Losing your car

Front

Madison is considering getting a new sofa for her apartment and is thinking about using a rent-to-own center. Which of the following is a disadvantage of this option? You need a down payment, You pay less than the purchase price, You pay more than the purchase price, You own the product immediately

Back

You pay more than the purchase price

Front

Juan wrote a check to pay his rent, but he didn't have enough money in his account to cover it. What is the fee called that the bank charges him for this?

Back

Overdraft Fee

Front

Melanie realized she wrote a check for more than the balance in her account. What service can help cover the shortage?

Back

Overdraft Protection

Front

Madison went to an ATM that was not part of her bank's network. What fee might she incur?

Back

Non-Network ATM Fee