Question by : hey someone please answer this i dont care if you guess.. .just answer if you are like in 10th grade or higher? . What does leasing a car involve? (Points: 2) Purchasing a car from a car dealer rather than from the previous owner Using a loan to buy the right to use a car only on specific days of the week Paying off the car loan over a period of time that's longer than the car is owned Renting the car for a specific period of time and paying for its depreciation 2. When can a bank repossess someone's car? (Points: 2) When the owner buys a used car When the owner gets into an accident When the owner cancels the insurance When the owner defaults on the loan payments 3. Which of these makes a student loan different from other types of loans? (Points: 2) Students don't have to provide any collateral to get a student loan. Student loans are sponsored and guaranteed by the government. The principal on a student loan is paid off before the interest is applied. The payments on a student loan can't be shown on an amortization table. 4. Which of these describes how a five/one ARM mortgage works? (Points: 2) The monthly payment is one-fifth of the total purchase price of the house. The interest rate is fixed for five years and then changes every year afterward. The interest rate charged on the mortgage is five times the normal interest rate. The annual fees on the mortgage are only charged during the first five years of the loan. 5. What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage? (Points: 2) Government mortgages are easier to get approved than conventional mortgages. Government mortgages allow home buyers to spend more money on their house. Government mortgages charge lower interest rates than conventional mortgages. Government mortgages prevent the government from taking the property for public use. 6. What is one advantage of using a credit card to make purchases? (Points: 2) You earn interest on your purchases. You can buy something now and pay for it later. You automatically improve your credit history. You get instant access to your checking account. 7. Match each of the fees below with the situations where a credit card customer would get charged. (Points: 2) Matching: Answer Potential Matches: : Annual fee 1: The credit card company requires a yearly payment for the right to use the card. 2: You use a new credit card to pay off the $ 1,000 balance on another credit card. 3: You pay your minimum payment one week after the due date. 4: You withdraw $ 500 from an ATM using your credit card. : Balance transfer fee : Cash advance fee : Late payment fee 8. Why is it important for people to maintain a good credit history? (Points: 2) So that the IRS won't investigate them for tax fraud So that it's easier to list the expenses on their personal budget So that they know all of the fees associated with their credit cards So that they have an easier time getting loans and credit cards 9. Which of these credit card features would be best for customers who think they might not be able to pay their balance at the end of each month? (Points: 2) No fees for cash advances A high balance transfer limit A low annual percentage rate An annual fee that can be waived 10. Match each of the credit card terms with its definition. (Points: 2) Matching: Answer Potential Matches: : Annual percentage rate 1: Number of days to run a balance before fees or interest are charged. 2: A listing of a person's financial information and history 3: A credit card with money in a savings account to act as collateral. 4: The amount of interest paid on unpaid balances. : Grace period : Secured card : Credit report Best answer for hey someone please answer this i dont care if you guess.. .just answer if you are like in 10th grade or higher?:
Answer by Charlie C
wrong section
Answer by Travis
JESUS CHRIST!!!! Writing a fuc*ing book?!
Answer by You ask, I answer
ask this question in the automotive section
Answer by MartiniGyrl
Is this your homework? Stop cheating!
Answer by macabre
Why do I feel like you are asking us to do your homework?
Answer by dominoking77
Okay, I've listed them as if your choices were a, b, c, d in that order: 1 is d, 2 is d, 3 is b, 4 is b, 5 is c, 6 is b, 7: 1 is annual fee, 2 is balance transfer, 3 is late payment and 4 is cash advance. 8 is d, 9 is c, and 10: 1 is grace period, 2 is credit report, 3 is secure card and 4 is annual percentage rate.
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... the Administration's new student-loan rule apply to for-profit colleges, but not nonprofits? The regulations that go into effect in July cut off federal student aid to career and technical colleges whose former students don't meet the Education ... Student Loans and Double Standards
Nowadays, student loans are absolutely necessary for supporting the burden of financial cost, but failure to make the payments on exact time leads you to a loan default. However, there is no reason to panic when faced with defaulted student loans. It is definitely not the end of the road. A process known as the ‘loan rehabilitation’ makes it possible to bring out the loan from this debilitating status. To put it simply, it is the method of pulling out a student loan from the default process. Default student loan assistance makes you qualify for the same amount of benefits that you were previously entitled before the default status. The good thing is that the credit reports will not show your loans in the default status anymore. Moreover, the process also signifies the end of your all prior horrifying experience.
The process requires you to make a series of nine payments based on an agreed amount.
The time period that defines the defaulted student loans vary largely depending on the type of loan that you have decided to take. For instance, Private loans under any circumstances will not treat you with leniency. If you are found caught skipping a single payment, you would fall in default then and there. Falling on a default situation requires you to clear all the previous payments with immediate effect. Falling under default is not only bad but it will also put a blemish to your credit history. The situation will make it extremely difficult for you to obtain auto loans, mortgages and credit cards in the future.
On the other hand, the situation is not that worse if you are in default with the Federal loans. Default student loan assistance can be obtained to an extent under this scenario. You can manage to get away with severe consequences on skipping a payment. The rules will not directly categorize you under the defaulted student loans. You would be provided with an opportunity of a time period of nine months before declaring you as a defaulter of loans.
It is advisable to reach out for loan rehabilitation as soon as possible. It will definitely make your repayment procedure as simple as possible. Besides, you also have the good option of going for loan consolidation. Recommend Default Student Loan Assistance Articles
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