1.
How many types of credit are there?
2.
Something owned (that has value) offered as security on a debt; if the debt is not repaid as agreed, the item is forfeited to the lender
3.
A legal claim against (or right to own) an asset until the debt (loan) is repaid
4.
an asset that increases in value over time
5.
the increase in value of a home over time, the difference between the amount owed and what the house could be sold for
6.
failure to repay a loan on time
7.
A loan for a fixed amount of money that’s paid back in monthly installments
8.
An asset that loses value over time, such as a car that’s worth less every year
9.
A lender who uses deceptive, unfair, or fraudulent practices on borrowers who are desperate for cash
10.
you have a credit limit and you can buy multiple things at different times – as long as you don’t exceed your limit
11.
What percent of Americans have a credit card?
12.
What type of loans come with higher interest rates and fees
13.
How many years does a mortgage loan last
14.
What loans are paid back from 10–20 years or more
15.
What percent of people are putting marriage on hold?
16.
What percent of people are putting buying a house on hold?
17.
What percent of people are putting having children on hold?
18.
What percent of people are putting saving for retirement on hold?
19.
A car loan is an example of what?
20.
Fees keep people in a cycle of what?
21.
What is the name of the first student loan organization?
22.
What percent of Americans have less than $1,000 saved for an emergency fund?
23.
True or False: Debt can be used to make you wealthy?
24.
What is an expense that occurs every month and doesn’t change in price?
25.
How many categories should you have in a budget?
