1. Mr. Page

2.  The amount of money available to be borrowed by an individual.

3.  An amount of money borrowed by one party from another.

4.  1. Can greatly expand your purchasing potential  2. Raises your standard of living  3. Emergency funds  4. Convenient  5. Safer

5.  Can greatly expand your purchasing potential

6.  Can enhance your standard of living

7.  Emergency product (not to be a replacement for emergency savings!)

8.  Convenient

9.  Safer

10.  1. It MAY cost more then cash purchases.  2. Finance charges (total dollar amount of all interest and fees)  3. You tie up future income (debt/income ratio)  4. Can lead to overspending  5. Tie up future freedom!

11.  It may cost more then cash purchases.

12.  Finance charges (total dollar amount of all interest and fees)

13.  Tie up future freedom and future income (Debt to income ratio)

14.  Can lead to overspending

15.  Character: a person’s honesty and reliability determined by their history of repaying bills on time. (reflected in your credit score)  Capital: an evaluation of a person’s net worth (assets-liabilities)  Capacity: the income a person has available to repay the loan determined by job longevity/income and having few other loans  Collateral: property which can be seized if a person does not repay the loan  Conditions: refers to the general state of the economy

16.  Character: a person’s honesty and reliability determined by their history of repaying bills on time.  Reflected in your credit score.

17.  Capital: an evaluation of a person’s net worth  Assets-liabilities

18.  Capacity: the income a person has available to repay the loan determined by job longevity/income and having few other loans

19.  Collateral: property which can be seized if a person does not repay the loan

20.  Conditions: refers to the general state of the economy