Presentation Transcript

1. Lend me the money I have to pay it back? To charge or not to charge Little of this little of that $200 $200 $200 $200 $400 $400 $400 $400 $600 $600 $600 $600 $800 $800 $800 $800 $1000 $1000 $1000 $1000
2. Lend me the money I have to pay it back? To charge or not to charge Little of this little of that $200 $200 $200 $200 $400 $400 $400 $400 $600 $600 $600 $600 $800 $800 $800 $800 $1000 $1000 $1000 $1000
3. Category 1 $200 When you obtain loan credit you agree to repay the loan in specified amounts called _______
4. Category 1 $400 A _________ is the percentage cost of credit on a yearly basis.
5. Category 1 $600 A ________ is the total dollar cost of credit including interest and all other charges.
6. Category 1 $800 List the three C’s of credit
7. Category 1 $1000 The __________ act requires prompt correction of billing mistakes.
8. Category 1 $200-Answer Installments
9. Category 1 $400-Answer APR
10. Category 1 $600-Answer Financial Charge
11. Category 1 $800-Answer Character, capacity, Capital
12. Category 1 $1000-Answer Fair credit billing.
13. Category 2 $200 A type of credit in which customers pay nothing until the end of the loan period.
14. Category 2 $400 The fee a credit card company charges for the use of their credit card. Daily Double
15. Category 2 $600 Businesses or individuals who are able and willing to provide information about your creditworthiness.
16. Category 2 $800 Someone who sells on credit or makes a loan
17. Category 2 $1000 A person’s reputation for paying bills on time.
18. Category 2 $200-Answer Single-payment loan
19. Category 2 $400-Answer Annual Fee
20. Category 2 $600-Answer Credit references
21. Category 2 $800-Answer Creditor
22. Category 2 $1000-Answer Credit rating
23. Category 3 $200 The maximum amount of money the lender is willing to loan an applicant.
24. Category 3 $400 Documents showing the debts you owe, how much you use credit, and whether you pay your debts on time.
25. Category 3 $600 Anyone who buys on credit or receives a loan.
26. Category 3 $800 A company that gathers information on credit users.
27. Category 3 $1000 Lower interest rate offered by credit card companies, usually for a short period of time, to entice you to sign up for credit with them. Eventually, the rate expires and a new “increased” rate takes effect.
28. Category 3 $200-Answer Credit Limit
29. Category 3 $400-Answer Credit report
30. Category 3 $600-Answer Debtor
31. Category 3 $800-Answer Credit bureau
32. Category 3 $1000-Answer Introductory rate
33. Category 4 $200 This law limits your liability to $50 for unauthorized credit card purchases made prior to notifying the card issuer
34. Category 4 $400 A form on which you provide information a lender needs to decide whether to grant you credit is called ______.
35. Category 4 $600 The date on which a loan must be repaid is the ______.
36. Category 4 $800 The total cost of using credit, including interest and fees.
37. Category 4 $1000 If you use a credit card to buy a shirt at the department store you are using this type of credit.
38. Category 4 $200-Answer Truth in lending act
39. Category 4 $400-Answer Credit application
40. Category 4 $600-Answer Maturity date
41. Category 4 $800-Answer Finance charge
42. Category 4 $1000-Answer Sales credit
43. Final Jeopardy Interest.
44. Final Jeopardy Calculate how much interest would be paid on the following 10,000 loan at 12% for 90 days You have 1 minute to consult…
45. Final Jeopardy Calculate how much interest would be paid on the following 10,000 loan at 12% for 90 days You have 30 seconds to consult…
46. Final Jeopardy Calculate how much interest would be paid on the following 10,000 loan at 12% for 90 days You have 15 seconds to consult…
47. Final Jeopardy Calculate how much interest would be paid on the following 10,000 loan at 12% for 90 days Time Is Up
48. Final Jeopardy - Answer $300
49. Jeopardy Thank you for playing another fine round of America’s favorite question and answer game.