
Credit Review
Flashcard
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Other
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KG - University
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Practice Problem
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Hard
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17 questions
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1.
FLASHCARD QUESTION
Front
The total amount of interest you pay on a loan will be ___________ as the length of the loan increases.
Back
Higher
2.
FLASHCARD QUESTION
Front
Pledging something of equal value to the loan you take out that the bank will sell if you don't pay is called
Back
Collateral
3.
FLASHCARD QUESTION
Front
A person that agrees to pay your loan if you don't is a
Back
co-signor
4.
FLASHCARD QUESTION
Front
Having your debts forgiven by a court is a part of
Back
bankruptcy
5.
FLASHCARD QUESTION
Front
Failing to make payments on a car loan will result in your car being
Back
repossession
6.
FLASHCARD QUESTION
Front
Longer loan payment lengths will result in ________ monthly payments.
Back
lower
7.
FLASHCARD QUESTION
Front
A predatory loan, such as a subprime mortgage, will have ________ interest rates than a normal loan.
Back
higher
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