ABA CTFA Practice Test - Questions Answers, Page 31
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The amount of interest one pays to open credit depends_______ on the method the lender uses to calculate the balances on which they apply finance charges.
They say it pays to shop around and when it comes to credit cards that are certainly true. Regardless of which category they fall into, there are basically four credit card features to look for. Which of the following is/are out of those features?
It is a form of legal recourse open to insolvent debtors, who may petition a court for protection from creditors and arrange for the orderly liquidation and distribution of their assets.
It is a legal proceeding that results in ''wiping the slate clean and starting anew''; most of the debtor's obligations are eliminated in an attempt to put the debtor's financial affairs in order. What is it?
It is a professional financial advisor who assists overextended consumers in repairing budgets for both spending and debt repayment.
Loans made for specific purposes using formally negotiated contracts that specify the borrowing terms and repayments are called:
Collateral is a/an:
Student loans are amortized with monthly payments over a period of 5 to 10 years. To help you service the debt, if you have several student loans outstanding then you can consolidate the loans, at a single blended rate, and extend the repayment period to s long as:
Single payment loan is a loan:
A loan that is repaid in a series of fixed, scheduled payments rather than a lump-sum is referred to as:
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