What is a payday loan - Study guides, Class notes & Summaries

UGBA 135 Final Exam Questions and Answers 2023 Complete What is "good debt"? Taking out loans in order to pay off a car, a mortgage or an education or starting a business What is considered "bad debt"? - Borrowing money to support a lifestyle of living beyond one's means What is the definition of a Modern Day Millionaire? - Financially independent, no government assistance, living the life they want to lead What is a credit card? - An unsecured line of credit - based on good fait...

UGBA 135 Final Exam 2023 Questions and Answers 100% Verified;These are acual quiz What is the biggest problem facing us in the future? Longevity, not retirement Where is the burden of saving and investing for retirement and health care shifting? From employer to employee What percentage of households have income of more than $113,000? 10% What percentage of households earn $160,000? 5% What is a common trait of millionaires? The ability to communicate and sell their ideas Where can ...

HR Block Budget Challenge Quizzes with Complete Solutions Frank's electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Frank pays his electric bill on the 12th of the month? His payment is received after the due date but he will not be assessed a late fee because of the grace period. On the Budget Challenge Cash Flow Spreadsheet (CFS) (this file is downloadable on the "How to Play" page of the website), what column shoul...

Financial Services Commission The governor and cabinet who select two officials to regulate banking, securities, and insurance Division of Finance Department responsible for licensing, examining and regulating non-depository financial services companies in Florida Bureau of Finance Regulation Conducts examinations of the books and records of mortgage brokers, mortgage brokerage businesses and mortgage lenders to ensure compliance Bureau of Money Transmitter Regulation Co...

FCS 340 Exam Questions with Correct Answers If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? - ANSWER $50 When you select a financial services provider, what are major factors to consider? - ANSWER -Borrow money if needed. -Min. cost of checking & payment services -Bet return on savings What type of financial services do to the following provide? a. A credit card companyb. An investment companyc. A life insuran...

FCS 340 Exam 2 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? - Anywhere between $50 to $500 When you select a financial services provider, what are major factors to consider? - Convenience; Service; Interest rates (borrowing); Fees What type of financial services does a credit card company provide - Short-term lending What type o...

FiCEP Exam Questions and Answers Graded A+ Which cycle describes members who are just surviving and living paycheck to paycheck? Earn/Spend/Earn/Spend Financial counselors who don't use what they know about hemispheric thinking may fall into the trap of: Presenting information to a member in a manner that might not be the best way to communicate Using a hard approach, rather than a soft approach, with members: Communicates in an orderly, specific, and straight-forward way The Johari Window ...

Banking Wise Practice Test Exam Questions with 100% Correct Answers 2024 If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the US Treasury Department- In order to track large deposits, the federal government requires that deposits of $10,000 or more be reported to the Treasury Department. Some concerns may be that a person might be trying to avoid paying taxes on game winnings or perhaps illegal gains The National Credit Union Administration (NCUA) i...

LUOA Personal Finance Module 3 Questions with Correct Answers What is a credit score? - Answer-a "snapshot" of a person's credit worthiness at one point in time What company is the leading source for most lenders researching credit information on a person applying for a loan or some type of credit? - Answer-The Fair Isaac Corporation What is the credit utilization ratio? - Answer-it is a ratio of the amount of debt you owe to the amount of debt you have been approved for What thre...

Earned Income - Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. Unearned Income - Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, bond interest, alimony, and dividends from stock Exemptions (aka allowance) and how they work - If you are not claimed as a dependent on another taxpayer's return, then you can claim one perso...