6.2 Topics/Questions to comment/reflect/discuss by tasha https://padlet.com/tcooper1/kpkdnudf5rtf 1.TRUE or FALSE The difference between open‐end and closed‐end credit, is when equal payments are required on a regular basis until the loan is repaid. 2. Example of *Closed-end credit *Open-end credit 3. Why should a person shop around with different lenders? 4. Credit Application 5. Explain the meaning of borrowing 6. Credit within safe boundaries 7. Explain the importance of understanding the process of borrowing money, what are you actually doing 8. What is a safe boundary for using a credit card? 9. TRUE or False Open credit that is extended in advance so the borrower does not have to apply for credit each time credit is desired. 10. Alternative credit is... Any additional information you’d like to add pertaining to en-us 2017-01-05 12:49:43 UTC 2017-01-17 14:57:41 UTC hello@padlet.com Gerri Andrews https://padlet.com/tcooper1/kpkdnudf5rtf/wish/145495458
5. The meaning of borrowing is to obtain or receive something on loan with the promise or understanding of returning it or its equivalent.  ]]> 2017-01-05 14:59:50 UTC https://padlet.com/tcooper1/kpkdnudf5rtf/wish/145495458 linda holmes https://padlet.com/tcooper1/kpkdnudf5rtf/wish/145495833 10 . alternative credit is - an option available for borrows with or no credit history. usually is in the form of a letter from the company  that holds an account that does not normally report to credit bureaus ]]> 2017-01-05 15:00:47 UTC https://padlet.com/tcooper1/kpkdnudf5rtf/wish/145495833 4. Credit Application- A request for an extension of credit. Orally or in written form. https://padlet.com/tcooper1/kpkdnudf5rtf/wish/145495860 Destyni Davis]]> 2017-01-05 15:00:51 UTC https://padlet.com/tcooper1/kpkdnudf5rtf/wish/145495860 Shaun Lawton https://padlet.com/tcooper1/kpkdnudf5rtf/wish/145496748 1. TRUE]]> 2017-01-05 15:03:11 UTC https://padlet.com/tcooper1/kpkdnudf5rtf/wish/145496748 Rushad Battle https://padlet.com/tcooper1/kpkdnudf5rtf/wish/145496839 9. True]]> 2017-01-05 15:03:25 UTC https://padlet.com/tcooper1/kpkdnudf5rtf/wish/145496839 jamacian baker https://padlet.com/tcooper1/kpkdnudf5rtf/wish/147555693 2. Closed-end credit is a type of credit that should be repaid in full amount by the end of the term, by a specified date. The repayment includes all the interests and financial charges agreed at the signing of the credit agreement.]]> 2017-01-17 14:57:28 UTC https://padlet.com/tcooper1/kpkdnudf5rtf/wish/147555693