Credit Management

Front

The interest or money that is charged a borrower for the use of credit is the:

Back

finance charge

Front

Which of the following is NOT an advantage of using credit? it is convenient, it is safer than carrying large sums of cash, it is useful in emergencies

Back

it allows you to shop at one store

Front

It is illegal to discriminate on the basis of which of the following in granting or denying credit? bank affiliations, occupation, lawsuits, marital status

Back

marital status

Front

A debtor is:

Back

person who borrows money

Front

The creditor is

Back

the person who lends the money

Front

The type of bankruptcy that allows businesses to continue operating under court supervision as they repay their restructured debts is

Back

chapter 11

Front

APR stands for

Back

annual percentage rate

Front

A reorganization form of bankruptcy for individuals that allows debtors to keep their property and use their income to pay a portion of their debts over three to five years is known as:

Back

chapter 13

Front

A liquidation form of bankruptcy that wipes out most debts in exchange for giving up most of one's assets.

Back

chapter 7

Front

Which of the following is NOT one of the three credit bureaus? Equifax, Experian, TransUnion

Back

Intuit