Dave Ramsey Dangers of Debt

Quiz
•
Other
•
11th - 12th Grade
•
Medium
+2
Standards-aligned
Bruns Mark
Used 19+ times
FREE Resource
28 questions
Show all answers
1.
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1 min • 1 pt
What is a home loan in which the interest rate will change periodically (i.e. annually). Typically adjusted based on a published index such as the Treasury Bill or LIBOR (3 words)
2.
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1 min • 1 pt
The preferred method of debt repayment. Includes a list of all debts organized from smallest to largest balance. Minimum payments are made to all debts except for the smallest, which is attacked with the largest possible payments
3.
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1 min • 1 pt
A decline in the value of property. The opposite of appreciation
4.
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1 min • 1 pt
The total dollar amount you pay to use credit
5.
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1 min • 1 pt
The process by which the holder of a mortgage sells the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract
6.
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1 min • 1 pt
The time period during which a borrower can pay the full balance of credit due with no finance charges
7.
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1 min • 1 pt
Credit line offered by mortgage lenders that allows a homeowner to borrow money against the equity in their home (3 words)
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