Credit card Part 2

Low-Interest loans with no specific purpose is called:

• Auto Loan

• Mortgages

• Student Loan

• Personal Loan

High-Interest, short-term loans, often used if one is low on cash:

• Payday Loan

• Checking Account

• Personal Loan

• Mortgage

This is where your direct deposit goes on payday from your job:

• Payday Loan

• Checking account

• Mortgage

• Student Loan

Bank loans that allow people to buy homes in installments:

• Mortgage

• Auto Loan

• Personal Loan

• Credit Card

Bank loans that help people buy vehicles in installments:

• Student Loan

• Savings Account

• Checking Accounts

• Auto Loan

An account where you can deposit money for an emergency

• Checking account

• Debit Card

• Savings account

• Credit card

A document permitting a person to drive a motor vehicle is called:

• Identification

• Credit Card

• Driver's license

• Co-signer

For those 18-21 years old, a parent can sign for them to open a credit card account:

• Driver's license

• Co-signer

• Identification

• Credit Card

A card used to identify someone legally as who they are is called:

• Driver's License

• Credit Card

• Co-signer

• Identification

Typically, how does a person qualify for a certain amount of loan for a credit card:

• Debit card

• Income

• Identification

• Co-signer