17th Stack
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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Alternative credit | A source of credit that may combine elements of open and closed-end credit and usually have higher interest rates and fees than other forms of credit.
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Closed-end credit | (also known as installment credit) is a loan which you must repay in a specified number of equal monthly payments.
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Open-end credit | (also known as revolving credit) is extended as a line of credit established in advance, so you do not have to apply for credit each time credit is desired.
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Pawn loan | A loan based on the value of personal property.
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Payday loan | A short-term loan that provides immediate cash by securing a borrower's written check or receiving authorization for automatic withdrawal from the borrower's depository institution account.
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Refund anticipation loan | Short-term cash advance secured by a taxpayer's expected tax refund.
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Rent-to-own | Tangible items such as furniture, electronics or household appliances are leased with the condition that the item will be owned by the renter if the term of rent is completed.
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Title loan | The borrower gives the lender his/her automobile title in exchange for a set amount of cash. The lender holds the title until the loan is repaid. If the loan is not repaid as agreed, the lender keeps the title to the item.
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Created by:
ZLittle97
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