Which of the following shapes of desk or table would most likely promote a
setting of unevenness?
a. Circular
b. Square
C. Oval
d. Rectangular - ANSWER Rectangular
Credit can be very helpful if used properly, and the absolute highest interest
rates are charged to _____________________.
a. HELOC lines of credit
b. HELOC lump sum loans
c. Balance transfer loans
d. Cash advance loans. - ANSWER Cash advance loans.
Which of the following does a credit score include?
a. The number of bank accounts opened recently.
b. The number of new credit cards opened recently.
c. How many cardholders may use your credit card
d. How many debit cards used in a month. - ANSWER How many new credit
cards have recently been opened.
A married couple would like to explore the option of using home equity to
borrow money in order to finance a $17,000 kitchen remodel. The couple
purchased their home 3 years ago for its market value of $135,000. Their
, current mortgage is a 30yr fixed rate loan with an interest rate of 4.25%, and
they are putting 5% down on the home purchase. Assumin the market value of
the hom has grown at 2.5% per year and that the current balance owed on the
mortgage is $121,478 determine if the Credit Union's offer to lend up to 80% of
their home equity in the form of a home equity loan to remodel the couple's
kitchen will provide sufficient money to complete the project this third year.
How much of the homeowner's equity will they need?
a. Yes they need to borrow only 71% of their home owner's equity
b. Yes they need to borrow only 63% of their homeowner
c. No, they would need to borrow 82% of t - ANSWER Yes, they need to
borrow only 71% of their homeowner's equity.
The client has built up a significant amount of credit card debt during a long
period of unemployment. Now that she is employed, at a wage that can sustain
her, she is burdened by the organizational hassle of the multiple payments she
must make. She is concerned about her future ability to borrow money to buy a
house in 5 years and would like to spend as little money as possible. Which is
the client's best option to deal with this debt situation?
a. Chapter 7 Bankruptcy
b. A Consumer Credit Counseling Agency Debt Management Program (DMP)
c. A self-administered debt repayment plan
d. Chapter 13 Bankruptcy - ANSWER A Consumer Credit Counseling Agency
Debt Management Program (DMP)
Government agency with enforcement powers on behalf of individual
consumers
a. FRB
b. FTC
c. CFPB
setting of unevenness?
a. Circular
b. Square
C. Oval
d. Rectangular - ANSWER Rectangular
Credit can be very helpful if used properly, and the absolute highest interest
rates are charged to _____________________.
a. HELOC lines of credit
b. HELOC lump sum loans
c. Balance transfer loans
d. Cash advance loans. - ANSWER Cash advance loans.
Which of the following does a credit score include?
a. The number of bank accounts opened recently.
b. The number of new credit cards opened recently.
c. How many cardholders may use your credit card
d. How many debit cards used in a month. - ANSWER How many new credit
cards have recently been opened.
A married couple would like to explore the option of using home equity to
borrow money in order to finance a $17,000 kitchen remodel. The couple
purchased their home 3 years ago for its market value of $135,000. Their
, current mortgage is a 30yr fixed rate loan with an interest rate of 4.25%, and
they are putting 5% down on the home purchase. Assumin the market value of
the hom has grown at 2.5% per year and that the current balance owed on the
mortgage is $121,478 determine if the Credit Union's offer to lend up to 80% of
their home equity in the form of a home equity loan to remodel the couple's
kitchen will provide sufficient money to complete the project this third year.
How much of the homeowner's equity will they need?
a. Yes they need to borrow only 71% of their home owner's equity
b. Yes they need to borrow only 63% of their homeowner
c. No, they would need to borrow 82% of t - ANSWER Yes, they need to
borrow only 71% of their homeowner's equity.
The client has built up a significant amount of credit card debt during a long
period of unemployment. Now that she is employed, at a wage that can sustain
her, she is burdened by the organizational hassle of the multiple payments she
must make. She is concerned about her future ability to borrow money to buy a
house in 5 years and would like to spend as little money as possible. Which is
the client's best option to deal with this debt situation?
a. Chapter 7 Bankruptcy
b. A Consumer Credit Counseling Agency Debt Management Program (DMP)
c. A self-administered debt repayment plan
d. Chapter 13 Bankruptcy - ANSWER A Consumer Credit Counseling Agency
Debt Management Program (DMP)
Government agency with enforcement powers on behalf of individual
consumers
a. FRB
b. FTC
c. CFPB
