Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Strand5

Credit

QuestionAnswer
Elements of Creditworthiness Character, Capacity, Collateral, Capital, and Conditions
Outstanding Balance How much you owe after you pay the minimum monthly payment.
Deadbeat someone who never goes into debt with a credit card company.
Simple Interest Simple interest is calculated on the principal, or original, amount of a loan only.
APR The cost you pay each year to borrow money, including fees, expressed as a percentage.
Default Rates Rate of all loans issued by a lender left unpaid by the borrower. An individual loan is typically declared in default if no payments are made for an extended period as per the initial loan agreement.
Finance Charges Any charge payable directly or indirectly by the consumer and imposed directly or indirectly by the creditor as an incident to or a condition of the extension of credit
Late Fees A charge imposed on a consumer who fails to make the payment on a debt or other financial obligation by the due date.
Minimum Payments The lowest amount your credit card issuer will accept as payment toward your balance each month.
Grace Period A set length of time after the due date during which payment may be made without penalty.
Debt Avalanche Pay off loans with highest interest first
Debt Snowball Pay off smallest loan first
AnnualCreditReport.com Authorized by federal law and safe to use — as long as you ensure you're on the correct site.
Debt to Income All your monthly debt payments divided by your gross monthly income.
28% Rule Maximum monthly house payment (including principal, interest, and taxes) should be less than 28% of your monthly income.
Loan to value ratio A measure comparing the amount of your mortgage with the appraised value of the property.
Amortization Paying off a debt over time in equal installments.
Created by: bryson11
Popular Economics sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards