Loans, credit and debt trivia

20 Loans, credit and debt trivia questions, no sign-in. Review your misses in the LoreUp app.

• An unsecured loan is a loan taken by putting up a house as security.Loans, credit and debt
• What do we call a loan taken by pledging property such as a house or a deposit?Loans, credit and debt
• Which method splits principal and interest so that the amount paid each month stays the same?Loans, credit and debt
• Which loan is taken on the strength of a person's credit, with no security?Loans, credit and debt
• Which kind of loan has an interest rate that changes with market rates?Loans, credit and debt
• What do we call a person who promises to repay in place of a borrower who cannot?Loans, credit and debt
• What do we call a number expressing how likely a person looks to repay?Loans, credit and debt
• What do we call the state of having passed the agreed date without repaying?Loans, credit and debt
• What do we call the side that borrows the money?Loans, credit and debt
• What happens if you repeatedly pay a card bill or loan late?Loans, credit and debt
• What do we call paying back borrowed money?Loans, credit and debt
• A credit score has nothing to do with the interest rate on a loan.Loans, credit and debt
• Level-payment amortization splits principal and interest so that the amount paid each month stays the same.Loans, credit and debt
• A secured loan is one taken against property such as a house or a deposit.Loans, credit and debt
• If you borrowed at a variable rate, your interest burden grows when market rates rise.Loans, credit and debt
• On a fixed-rate loan the interest rate changes whenever market rates change.Loans, credit and debt
• A loan is money borrowed that must be repaid with interest within a set term.Loans, credit and debt
• A credit score is a number expressing how likely a person looks to repay.Loans, credit and debt
• Failing to pay a card bill or a loan on time can lower your credit score.Loans, credit and debt
• With a loan you need only repay the principal borrowed and owe no interest.Loans, credit and debt