Unit 4 Standards FACS-CF-5 e-j. Unit 4 Evaluate the terms and conditions of credit cards. 1.http://www.clearpointcreditcounselingsolutions.org/managing_credit/ter.

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Unit 4 Standards FACS-CF-5 e-j

Unit 4

Evaluate the terms and conditions of credit cards. 1. ms.aspxhttp:// ms.aspx Terms and Conditions

credit fairy video services/online-banking/terms-and-conditions.asp services/online-banking/terms-and-conditions.asp Terms and conditions of banks c40.html Credit union

g. Complete a credit application. advisor.com/files/1_2_1/pdf/SampleCreditApplication. pdf advisor.com/files/1_2_1/pdf/SampleCreditApplication. pdf Sample f f Credit card Student loan application

h. Examine a personal credit report. umerSupport/eduVideo/consumerEducationVideo.pa ge?utm_source=transunion&utm_medium=sharelink &utm_campaign=consumerVideo umerSupport/eduVideo/consumerEducationVideo.pa ge?utm_source=transunion&utm_medium=sharelink &utm_campaign=consumerVideo Credit reports

i. Discuss the effect of credit rating on finances. onsequences_of_foreclosure Foreclosure ions.org/managing_credit/bankruptcy.aspx Bankruptcy Writing checks on a closed account Not paying debt on time Not paying doctor’s on time Not paying any creditor on time: Hospitals; dentist; insurance, etc.

j. Explain various types of credit records. Credit cards An account that is maintained as long as there is a balance. The credit card can be cancelled or revoked if the bill is not paid in a timely manner. The account is may be used for anything as long as the payment is paid. Loans- These can vary: car, home, boat, home improvement, etc. These loans work like credit cards but there is no plastic involved. You gain the loan by signing a number of papers stating the you will pay back the loan. If the payments are not paid, these can be repossessed or (home) foreclosed on. The loan provider will get their money from the home, car, etc.