Credit Bingo

This bingo card has 131 words: Annual fees, Annual percentage rate (APR), Bankruptcy, Collateral, Compound interest, Credit, Credit report, Credit score, Debt, Down payment, Eviction, Finance Charges, Free!, Foreclosure, Garnishments, Identity Theft, Lien, Open/Revolving Credit, Penalty Fees, Principle, Repossession, Risk-Based Lending, Secured Loan, Unsecured Loan, Fair Isaac Corporation, Seven years from when she made her last payment on the loan, The interest paid on the loan is tax deductible, Mortgage, $200 - $1,400, Collateralized loan, For a 7-year period, How much interest will be paid over the life of the loan increasing the real cost of the item?, Very high, Chapter 13 Bankruptcy, Contact the borrower at a reasonable hour to discuss the outstanding debt, Garnishment, Has fully paid for the car and there is no lien on the car, A fee for setting up and overseeing a debt repayment plan, He has a credit problem, Credit Life Insurance, Both Individuals, Small loan companies, Protect consumers against unfair credit card practices, Make larger payments each month to pay the loan in less than 20 years, Making a higher down payment on the house, Payments for student loans must begin six months after graduation from college, Generally, student loans must be repaid even if the borrower files for bankruptcy, Protect consumers against misleading and unfair practices, 10% of their monthly net income, House, Loans are difficult to get during a recession, Last month’s unpaid balance and new purchases, U.S. Department of the Treasury, Charge a late fee on the account, Charge a late fee and may give a 45-day notice to raise the interest rate, A fee on the credit card bill for the month the limit was exceeded, Has not made a payment in 60 days, The card is in effect for one year, Cannot raise the APR automatically, The card company not being paid can raise its APR after giving a 45-day notice, Interest rates on credit cards are not limited, Can increase as the prime rate increases, Help the public become informed consumers, Financial products and services are fair for consumers, Address unfair practices, The person’s religion and gender, Experian, 800, Student loan, How much is being charged in interest on the loan each ear, A person has a poor credit history, lenders are more likely to approve a loan with a reasonable interest rate for a person with a high credit score, Easy to spend more than a person can afford to repay, Pay the complete balance each month, Pay bills on time, Frequent late payments, A number given by credit rating agencies based on a person’s credit worthiness, $16.00, Capacity, The credit card company did not have the payment on or before the due date, Irresponsible because he does not have sufficient income to repay debt, Consolidated loan, The Annual percentage rate (APR) on the monthly statement, Very good; she should be able to obtain most types of credit at a reasonable interest rate, Unpaid state and federal taxes, $50, Decreased because some of her future earnings must pay for the new television, Request that the credit reporting agency correct the credit report, Most debts to creditors are eliminated, Late, and the company will assess a late fee, Individuals with a poor credit history, Dollar amount for borrowing, Annual percentage rate (APR), Pawn Shops, Character, collateral, and capacity, Lenders, They can work with those who loaned Tartan money to get an affordable repayment schedule, A lender who offers to refinance the loan at a higher interest rate when the person is unable to make payments, Very high interest rate and fees, A debt, The creditor, Refusing to give his Social Security number on a phone call he did not make himself, Shred the USA credit card and instruct the credit card company in writing or by phone to close the account, Notify each credit card company immediately, The person who pays the minimum amount due each month, Very good; she should be able to obtain most types of credit at a reasonable interest rate, Minimum payment, Something of value that secures a loan to protect the lender, Free copy of the credit report if he requests it within 60 days, Creditors and landlords, Getting and responsibility using a store charge account, Has a bad credit history, Creditors feel that the total amount she can charge on cards is more than her ability to repay, A good credit history or report can help a person get an apartment, Be extremely careful about disclosing account information to unsolicited callers, Added the purchase to her credit card bill to be paid on the due date, If this information is accurate, it can stay on this person’s credit report for 7 years, A person is entitled to one free copy of her credit report each year from each of the three leading credit reporting agencies, The employer is ordered by the court to deduct a portion of a person’s salary to pay the person’s unpaid debt, Something of value that secures a loan to protect the lender, An easy way to accumulate a large amount of debt, Amount owed on the card is lower than the line of credit, Money borrowed for a short period of time against a future paycheck, The fees and interest charged on these loans make payday loans among the most expensive loans, Expensive and should be avoided since the IRS refund check arrives soon after the return is filed, Charge high interest rates, Interest on the unpaid balance, Is creditworthy and deserving of a loan at a low interest rate, The collateral has monetary value and can be used if the borrower defaults on the loan, Consumers are provided with information on what the total cost of their loan will be before signing a loan agreement and Landlords and lenders make decisions that are influenced by an applicant’s score.

⚠ This card has duplicate items: Annual percentage rate (APR) (2), Very good; she should be able to obtain most types of credit at a reasonable interest rate (2), Something of value that secures a loan to protect the lender (2)

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