Personal Finance Test Ch. 10-13
Authored by Trent Thompson
Business
11th Grade
Used 17+ times
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54 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Getting a loan from a finance company to help pay off your debt:
debt consolidation
debt settlement
credit repair
20/10 rule
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of reestablishing a good credit rating:
debt management plan
credit counseling
credit repair
reconcile
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Following an individual plan for using credit wisely:
credit repair
debt settlement
debt plan
credit management
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Having a company negotiate with creditors on your behalf to reduce the debt you owe:
debt settlement
bankruptcy
reconcile
credit counseling
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A record of your debts and a strategy for paying them off:
credit payment plan
debt management
credit payment plan
20/10 Rule
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Making a single monthly payment to a credit counseling organization that then distributes the funds to creditors based on a payment schedule:
Bankruptcy
debt management plan
Options
Payment Plan
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A service to help consumers manage their debt load and credit more wisely:
credit management
credit consolidation
credit counseling
credit repair
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