Jeopardy True/False TermsLaws Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500 FinalFinal Jeopardy Three Cs Q$100 Q$200 Q$300 Q$400 Q$500 Q$100.

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Presentation transcript:

Jeopardy True/False TermsLaws Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500 FinalFinal 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 A down payment is a partial payment made at the time of the purchase-- True or False?

$100 Answer to True/False What is True.

$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 What is False.

$300 Question from True/False The three Cs of credit are character, capacity and creditworthiness --True or False?

$300 Answer to True/False What is False.

$400 Question from True/False A credit bureau gathers and reports information on credit users--True or False?

$400 Answer to True/False What is True.

$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 What is True.

$100 Question from True/False The legal process of reducing or eliminating money owed is bankruptcy--True or False?

$100 Answer to True/False What is True.

$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 What is False.

$300 Question from True/False A credit counselor is employed by a collection agency--True or False?

$300 Answer to True/False What is 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 What is 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 What is False.

$100 Question from Terms Someone who becomes responsible for payment of a note if you do not pay as promised.

$100 Answer to Terms Who is a cosigner?

$200 Question from Terms The cost of using someone else’s money.

$200 Answer to Terms What is interest?

$300 Question from Terms A person who suggests actions to reduce and eliminate credit difficulties.

$300 Answer to Terms Who is a credit counselor?

$400 Question from Terms The privilege of using someone else’s money for a period of time.

$400 Answer to Terms What is credit?

$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 What is an installment loan?

$100 Question from Laws The law that prohibits creditors from denying credit based on age, race, sex, or marital status.

$100 Answer to Laws What is the Equal Credit Opportunity Act?

$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 What is the Fair Credit Billing Act?

$300 Question from Laws The law that requires lenders to clearly state the annual percentage rate and total finance charges.

$300 Answer to Laws What is the Truth-in-Lending Law of 1968?

$400 Question from Laws The law that requires that debt collectors treat you fairly and bans certain debt collection actions.

$400 Answer to Laws What is the Fair Debt Collections Act?

$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 What is the Fair Credit Reporting Act?

$100 Question from Three Cs Your current salary.

$100 Answer to Three Cs What is capacity?

$200 Question from Three Cs The amount of money you have in savings.

$200 Answer to Three Cs What is capital?

$300 Question from Three Cs Your reputation for honesty.

$300 Answer to Three Cs What is character?

$400 Question from Three Cs The value of your assets.

$400 Answer to Three Cs What is capital?

$500 Question from Three Cs Your employment history.

$500 Answer to Three Cs What is character?

Final Jeopardy Question Experian, Equifax and TransUnion.

Final Jeopardy Answer What are the three major credit bureaus?