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JeopardyJeopardyTrue/False True/False Terms Laws

Q$100

Q$200

Q$300

Q$400

Q$500

Q$100

Q$200

Q$300

Q$400

Q$500

Final Jeopardy

Three Cs

Q$100

Q$200

Q$300

Q$400

Q$500

Q$100

Q$200

Q$300

Q$400

Q$500

Q$100

Q$200

Q$300

Q$400

Q$500

$100 Question from True/False$100 Question from True/False

A down payment is a partial payment made at the time of the purchase--

True or False?

$100 Answer to True/False$100 Answer to True/False

What is True.

$200 Question from True/False$200 Question from True/False

The date on which a loan must be repaid is known as the final payment

date--True or False?

$200 Answer to True/False$200 Answer to True/False

What is False.

$300 Question from True/False$300 Question from True/False

The three Cs of credit are character, capacity and creditworthiness --True

or False?

$300 Answer to True/False$300 Answer to True/False

What is False.

$400 Question from True/False$400 Question from True/False

A credit bureau gathers and reports information on credit users--True or False?

$400 Answer to True/False$400 Answer to True/False

What is True.

$500 Question from True/False$500 Question from True/False

Property that is used as security for a loan is called collateral--True or

False?

$500 Answer to True/False$500 Answer to True/False

What is True.

$100 Question from True/False$100 Question from True/False

The legal process of reducing or eliminating money owed is bankruptcy--True or False?

$100 Answer to True/False$100 Answer to True/False

What is True.

$200 Question from True/False$200 Question from True/False

The annual percentage rate states the percentage cost of credit per month--

True or False?

$200 Answer to True/False$200 Answer to True/False

What is False.

$300 Question from True/False$300 Question from True/False

A credit counselor is employed by a collection agency--True or False?

$300 Answer to True/False$300 Answer to True/False

What is False.

$400 Question from True/False$400 Question from True/False

A credit application is a business or individual who is willing and able to provide information

about your creditworthiness--True or False?

$400 Answer to True/False$400 Answer to True/False

What is False.

$500 Question from True/False$500 Question from True/False

If you cannot pay your bills, the last thing you should do is contact the

creditor--True or False?

$500 Answer to True/False$500 Answer to True/False

What is False.

$100 Question from Terms$100 Question from Terms

Someone who becomes responsible for payment of a note if you do not

pay as promised.

$100 Answer to Terms$100 Answer to Terms

Who is a cosigner?

$200 Question from Terms$200 Question from Terms

The cost of using someone else’s money.

$200 Answer to Terms$200 Answer to Terms

What is interest?

$300 Question from Terms$300 Question from Terms

A person who suggests actions to reduce and eliminate credit

difficulties.

$300 Answer to Terms$300 Answer to Terms

Who is a credit counselor?

$400 Question from Terms$400 Question from Terms

The privilege of using someone else’s money for a period of time.

$400 Answer to Terms$400 Answer to Terms

What is credit?

$500 Question from Terms$500 Question from Terms

A loan in which you agree to make monthly payments in specific amounts over a period of time.

$500 Answer to Terms$500 Answer to Terms

What is an installment loan?

$100 Question from Laws$100 Question from Laws

The law that prohibits creditors from denying credit based on age, race,

sex, or marital status.

$100 Answer to Laws$100 Answer to Laws

What is the Equal Credit Opportunity Act?

$200 Question from Laws$200 Question from Laws

The law that allows you to withhold payment due on defective

merchandise purchased with a credit card.

$200 Answer to Laws$200 Answer to Laws

What is the Fair Credit Billing Act?

$300 Question from Laws$300 Question from Laws

The law that requires lenders to clearly state the annual percentage

rate and total finance charges.

$300 Answer to Laws$300 Answer to Laws

What is the Truth-in-Lending Law of 1968?

$400 Question from Laws$400 Question from Laws

The law that requires that debt collectors treat you fairly and bans

certain debt collection actions.

$400 Answer to Laws$400 Answer to Laws

What is the Fair Debt Collections Act?

$500 Question from Laws$500 Question from Laws

The law that gives consumers the right to know what information credit

bureaus are providing about them.

$500 Answer to Laws$500 Answer to Laws

What is the Fair Credit Reporting Act?

$100 Question from Three Cs$100 Question from Three Cs

Your current salary.

$100 Answer to Three Cs$100 Answer to Three Cs

What is capacity?

$200 Question from Three Cs$200 Question from Three Cs

The amount of money you have in savings.

$200 Answer to Three Cs$200 Answer to Three Cs

What is capital?

$300 Question from Three Cs$300 Question from Three Cs

Your reputation for honesty.

$300 Answer to Three Cs$300 Answer to Three Cs

What is character?

$400 Question from Three Cs$400 Question from Three Cs

The value of your assets.

$400 Answer to Three Cs$400 Answer to Three Cs

What is capital?

$500 Question from Three Cs$500 Question from Three Cs

Your employment history.

$500 Answer to Three Cs$500 Answer to Three Cs

What is character?

Final Jeopardy QuestionFinal Jeopardy Question

Experian, Equifax and TransUnion.

Final Jeopardy AnswerFinal Jeopardy Answer

What are the three major credit bureaus?

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