Payday loans - Study guides, Class notes & Summaries

Chapter 03 Financial Services: Finance Companies     
True / False Questions
  1. Finance companies differ from banks in that they do not accept deposits. 
TRUE   2. Finance companies have been among the slowest growing FI groups in recent years. 
FALSE   3. General Electric Capital Corporation (GECC) provides services to more than 15 million businesses and consumer is Asia alone. 
TRUE   4. In 2008, GE Capital Corporation accounted for approximately 50 percent...

HUD Certification Questions and Answers 100% Pass Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Pay stub Retirement plan statement List of assets Current lease Pay stub A client would like purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? Find a second job Bo...

BTEC Business Finance Level 3 Unit 3 Exam Questions & Answers 2024/2025 what are the 6 types of personal borrowing? - ANSWERSmortgages, hire purchase, payday loans, overdraft, personal loans, credit cards personal loan - ANSWERSgives you the ability to borrow a set amount of money, normally for a specific purpose, to be repaid in regular instalments. payday loan - ANSWERSshort term source of finance used to bridge the gaps between now and next receiving a wage credit card - ANSWER...

FIN101 Final Exam Ball State University - Olga McAtee (Ch. 6-10); Questions and Answers 100% Correct High Cost Consumer Loans Correct answer-a loan with above average fees Main Stream Financial System Correct answer-banks, credit unions, credit card issuers, etc. Alternative Financial System Correct answer-payday loans, pawn shops, check cashers, etc. Installment Loan Correct answer-a loan repaid with interest in equal periodic payments Revolving Credit/Loan Correct answer-specified...

what are the 6 types of personal borrowing? - Answer mortgages, hire purchase, payday loans, overdraft, personal loans, credit cards personal loan - Answer gives you the ability to borrow a set amount of money, normally for a specific purpose, to be repaid in regular instalments. payday loan - Answer short term source of finance used to bridge the gaps between now and next receiving a wage credit card - Answer goods are paid for by card and can be paid for either at the end ...

1. When using a debit card what should you immediately do upon use? Ans: Record it in your checkbook register 2. Why buy renter's insurance? Ans: To protect your belongings in case of fire or theft 3. Why do you pay a lower rate on a car loan verses a personal loan? Ans: The car is collateral for the loan 4. Why do corporations issue bonds? Ans: To borrow money from investors 5. Why are payday loans the worst choice? Ans: These loans often result in a pattern of needing to continue bor...

Wise Test Questions & Answers 2024 It is usually a good idea to borrow for - ANSWER-Something that increases in value over time A person generally pays a lower interest rate on a car loan then on a personal loan because the - ANSWER-Car is collateral for the loan Who is most likely to use the service of a non-Bank consumer finance company - ANSWER-Individuals who cannot get a loan from a bank or credit union Which financial advisor is recommending a long-term investment that lowers...

It is usually a good idea to borrow for - Answer Something that increases in value over time A person generally pays a lower interest rate on a car loan then on a personal loan because the - Answer Car is collateral for the loan Who is most likely to use the service of a non-Bank consumer finance company - Answer Individuals who cannot get a loan from a bank or credit union Which financial advisor is recommending a long-term investment that lowers investment risk - Answer Ad...

BTEC FINANCE Level 3 - Unit 3 – Finance Latest Exam Graded A+. what are the advantages of travel insurance? - ANSWER good for emergencies (can get booking costs back if your flights are cancelled), if you contract a disease your travel insurance will cover treatment costs that your medical insurance might not, may policies provide coverage for lost, stolen or damaged luggage what are the advantages of pet insurance? - ANSWER can cover unexpected vet bills, provides peace of mind, can save...

Sources of income: - wages, rentals, interest, capital, profits, investments, entrepreneurship • Exemption (aka an allowance) and how does it work: allowance is used to reduce amount of taxed income Liquidity—what does it mean; what products are liquid - the degree of ease in which assets can be sold Gift cards and how they work (a monthly inactivity fee may begin after 12 months) - closed loop system and open loop system Discretionary income or budget surplus: - not allocated fo...