PF 6.01
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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| Borrower | Someone who takes out a loan and pays it back
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| Closed-end Credit | A car loan. Take a certain amount of money and pay it back. DOESN'T CHANGE AT ALL!!
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| Collection Agnecy | Loan sharks. When you don't pay back a bill and they will kick you out.
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| Co-signer | Responsible for paying back debt for credit. SIGN WITH YOUR PARENTS!!
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| Credit | A loan.
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| Credit History | A record of what I have done in the past for paying back loans
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| Credit Limit | Maximum amount that can be borrowed
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| Credit Report | Record of how you pay back loans
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| Credit reporting agencies | Agencies that create reports based on the information they receive from lenders regarding the borrower's account history.
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| Credit Score | The number to tell if you are paying back a loan
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| Foreclosures | The bank owns your house if you don't pay the mortgage payments.
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| Lender | Whoever gives you money
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| Open-end Credit | Credit Card. CHANGES ALL THE TIME!!!
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| Tax Lien | If you don't pay your taxes and the government will put a tax lien until you pay.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
abigail.xiong59
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