Debt immersion
Authored by Clarity Training account
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Type of debt that is tied to a collateral such as, a house, a car...
Unsecured
Auto Loan and mortgage
Secured
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Minimum enrollment amount is 15k
True
False
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A lender pays off a consumer's debt and issues a new loan to cover the full amount.
Hardship
Debt consolidation
Draft
Debt settlement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A program benefit is bankrupcy
True
False
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An agreement intended to resolve a debt.
Debt settlement
Debt consolidation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A mortgage is a secured loan
True
False
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A document, typically provided by the creditor, that outlines the terms of the negotiated settlement.
SL (settlement letter)
SIF (settlein full letter)
Debt letter
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