'Finance charge' diaporamas de présentation

Tanking an Offensive Stance on Predatory Lending:

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Financial Management During Job Loss

Financial Management During Job Loss. Issues To Be Resolved Regarding Your Job Search. CAREER. EMOTIONS. FINANCES. What Do You Feel?. Shock Anger Fear Resentment Depression Despair Resignation Acceptance Determination Action. Moving On

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Credit

Credit . You're in Charge. What is Credit ???. Credit is an arrangement to Receive cash, goods, or services now and pay for them in the future!. Consumer Credit. Used for personal needs. Increases the amount of money you have now Decreases the amount of money you have in the future Risk

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12.1 Installment Loans and Closed-end Credit

12.1 Installment Loans and Closed-end Credit. Find the amount financed, the installment price and the finance charge of an installment loan. Find the installment payment of an installment loan. Find the estimated annual percentage rate (APR) using a table. Key Terms.

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The Evolving Role of Plastic: Consumer Credit, The Credit CARD Act of 2009 and the Emergence of Prepaid Debit

The Evolving Role of Plastic: Consumer Credit, The Credit CARD Act of 2009 and the Emergence of Prepaid Debit. J. Michael Collins Aug 2009. Background. Four in five households have a credit card 44 percent of households carry a balance Aggregated $15 billion in penalty fees annually

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Banking Basics

Banking Basics. Credit. How To Do Your Banking. Chapter 6: A good credit rating sets wheels in motion. CREDIT Graphic Organizer. The class will be divided into teams of 2 or 3. Each team will be assigned a section from Chapter 6.

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Chapter 14

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Section 13-2

Section 13-2. Consumer Credit. Installment Buying. Closed-End Credit Open-End Credit. Installment Buying. Borrowing to finance purchases, and repaying with periodic payments is called installment buying . This section addresses two types of installment credit. Closed-End Credit.

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Section 13-3

Section 13-3. Truth in Lending. Truth in Lending. Annual Percentage Rate (APR) Unearned Interest. Truth in Lending. The Consumer Credit Protection Act, which passed in 1968, has commonly been known as the Truth in Lending Act . Two major issues addressed in the law:

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Credit statistics

Credit statistics. Average college student has 4.25 credit cards College seniors graduated with an average credit card debt of more than $4,100. Close to one-fifth of seniors carried balances greater than $7,000 . Americans spend more than $1 trillion in credit every year

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Chart 1

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Simple Interest

Simple Interest. Objectives. Calculate the simple interest on a loan. Calculate the future value of a simple interest loan. Calculate the present value of a simple interest loan given the future value. Calculate the payments for an add-on interest loan.

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CONSUMER CREDIT

CONSUMER CREDIT. Understanding the fundamentals of using credit and identifying its benefits and costs. Credit Vocabulary. credit finance charge down payment installment loan. promissory note collateral cosigner credit rating. Credit Fundamentals. Using Credit

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13.3 Annual Percentage Rate (APR) and the Rule of 78

13.3 Annual Percentage Rate (APR) and the Rule of 78. 1. Page 910: Charge per $100 financed. Jimmie bought new electronic equipment for his business for $7325. He agreed to pay 50 monthly payments of $188.80. Find the charge per $100 financed.

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Warm- up

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Cost of Credit

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Sources of Borrowing

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Credit Cards

Credit Cards. What are the benefits?. No need to carry large sums of cash Helps credit rating Have access to a written record of all purchases Rewards programs (points, cash back, frequent flyer, etc). Impulse Buying. What is impulse buying?

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5.4 Credit and Consequences

5.4 Credit and Consequences . Credit. Credit is the promise to repay borrowed money (principle) with interest over a certain period of time. Credit cards, mortgages, car loans, student loans, etc. would be examples of credit. Credit is given by a lender to a borrower, also known as a debtor.

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