Flashcards on Understanding Credit and Loans
Understanding Credit and Loans: A Student's Guide to Finance
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Credit & Loans Vocabulary
34 cards
Card 1
Question: Credit Bureau
Answer: Company that collects credit information
Card 2
Question: Credit Report
Answer: Statement of credit history and score
Card 3
Question: Credit Score
Answer: Number measuring creditworthiness
Card 4
Question: APR
Answer: Annual Percentage Rate of interest
Card 5
Question: Secured Loan
Answer: Loan backed by collateral
Card 6
Question: Collateral
Answer: Property offered to secure a loan
Card 7
Question: Down Payment
Answer: Cash towards a purchase
Card 8
Question: Bankruptcy
Answer: Federal process to eliminate debt
Card 9
Question: Credit Counseling
Answer: Service helping manage debt repayment
Card 10
Question: FTC
Answer: Federal Trade Commission