JeopardyBegins with c Loans Poor credit Consumer

Credit consumer Finance

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Q $100 Q $100Q $100 Q $100

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Q $500 Q $500 Q $500 Q $500

Final Jeopardy

$100 Question from H1

A measure of financial responsibility

$100 Answer from H1

What is character?

$200 Question from H1

A measure of financial ability to repay a loan

$200 Answer from H1

What is capacity?

$300 Question from H1

The value of what you own

$300 Answer from H1

What is capital?

$400 Question from H1

Willingness to repay a debt

$400 Answer from H1

What is creditworthiness?

$500 Question from H1

Loaned money to make a purchase.

$500 Answer from H1

What is a credit card?

$100 Question from H2

Expresses an individual’s Creditworthiness as expressed In a number.

$100 Answer from H2

What is a credit rating?

$200 Question from H2

A company that provides consumerCredit information on individual borrowers

$200 Answer from H2

What is a credit bureau?

$300 Question from H2

A record of an individuals pastBorrowing or payments

$300 Answer from H2

What is credit history?

$400 Question from H2

You should request this annually?

$400 Answer from H2

What is a credit report?

$500 Question from H2

This is a considered an unsecuredloan.

$500 Answer from H2

What is a credit card?

$100 Question from H3

A loan backed by somethingOf value

$100 Answer from H3

What is a secured loan?

$200 Question from H3

Loan paid over a period of time

$200 Answer from H3

What is an installment loan?

$300 Question from H3

This is a loan not backed by Collateral.

$300 Answer from H3

What is an unsecured loan?

$400 Question from H3

This is property pledged to payBack a loan.

$400 Answer from H3

What is collateral?

$500 Question from H3

CharacterCapacitycapital

$500 Answer from H3

What are three factors that determineCreditworthiness?

$100 Question from H4

ConveniencePayment in emergenciesprotection

$100 Answer from H4

What are advantages of credit cards?

$200 Question from H4

An account which requires one to payThe balance in full each month.

$200 Answer from H4

What is a regular charge account?

$300 Question from H4

This account allows you to carry a Balance from one month to the next.

$300 Answer from H4

What is a revolving charge account?

$400 Question from H4

The time between payment dateAnd billing date where no interest isCharged.

$400 Answer from H4

What is a grace period?

$500 Question from H4

The maximum amount you mayCharge on a credit card.

$500 Answer from H4

What is a credit limit?

$100 Question from H5

The most important factor inBeing able to get credit in the future?

$100 Answer from H5

What is credit history?

$200 Question from H5

The amount of time late payments Stay on your credit report.

$200 Answer from H5

What is seven years?

$300 Question from H5

Something you cannot live without.

$300 Answer from H5

What is a need?

$400 Question from H5

This is how long a bankruptcy canStay on your credit report.

$400 Answer from H5

What is ten years?

$500 Question from H5

Something that you do not needBut would like to have.

$500 Answer from H5

What is a want?

Final Jeopardy

BankruptcyLate paymentsSkipped paymentsOnly making minimum paymentsSpending over credit limit

Final Jeopardy Answer

What are factors that can hurt Your credit rating?