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Credit and Debit Cards

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Hazel Hammes

Lvl 9
โˆ™ 2021-10-24 18:34:26
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Cards in this guide (26)
What is going green

Going green means to help the Environment and Ourselves.

How long will negative information concerning your use of credit be kept in your credit report

Seven years is a common period of time. You should not try to pay up on old accounts, but for those within the last couple of years, see if you can call the company and settle the account so that it will be marked as paid rather than written off. Check to see if any negative information, such as from apartments or utilities, is inaccurate. If so, contact them and get a signed, letterhead, letter saying the account is paid. Then, send that to all of the credit bureaus. Definitely keep the letter in your file for years to come - zombie collectors are always out there. Finally, pay everything on time going forward. Sometimes it is helpful to signup for automatic billpay to keep things timely.

Which of these is the best description of delinquency

It is the condition whereby the scheduled repayment of a loan has not been received by a specified due date.

How long will credit inquiries remain on your credit report

2 years

What is done with the finance charge assessed by a credit card company

added to the balance

Which term is defined as property that is pledged as security on a loan

Collateral

Which term refers to the person business or institution that extended a loan to you

Creditor

Sam is a chef He has a savings account of 500 and a car worth 7569 He owes 450.23 on his new stereo Calculate Sam's net worth

7618.77

Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years

1,773.60

Which Involves renting a residence for a specific amount of time such as six months one year or even five years

lease

What its the best description of foreclosure

it ends all legal rights of a homeowner if mortgage payments are not made.

What are the two major costs of owning a home

Property taxes and insurance are two major costs of owning a home.

What strategies will not help reduce your heating and cooling costs

Turn the lights off when you leave a room.

Which of these is not included on a credit card statement

credit score

Which type of interest is calculated on home mortgages

compound

Which of these protects you when applying to receive credit

Equal Credit Opportunity Act

Which of these is not a common utility for those that live in large communities

propane

Which equation represents how the interest on a loan is calculated

Interest=Principle times rate times time

Would not result from defaulting on a loan

Imprisonment

Is there a payday loans website for Christians

Yes, there are some websites for payday loans for Christians, some examples are: Christian Faith Financial-Christian Payday Loans, Payday Loans Apply and ChristianNet.

What equations shows how installment loans are calculated

amount financed = cash price - down payment

Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2.

14.4 %. A+

How much equity does Lisa have in her house if Lisa's house was appraised at 115000 and she still owes 42000 on her mortgage loan

$73,000

Which of these describes an assumable mortgage

It can be transferred from seller to a buyer

Which of these statements about student loans is not true

That depends what the statements are.

Hank purchased a new grill for $349 on his credit card. He had a previous balance of $225.91. A finance charge of $8.62 was assessed. What is his new balance

583.53

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