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Froggy Jumps
Froggy Jumps

Loan and Collateral Quiz

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Loan and Collateral Quiz
 

Froggy Jumps

Loan and Collateral QuizOnline version

Test your knowledge on loans, collateral, and credit terms! Keep playing to practice more Credit Vocabulary.

by Kristine Vester
1

What is something that can be taken away if you don’t pay off your loans?

2

What type of loan has collateral like a mortgage or car loan?

3

What type of credit card has collateral that can be taken if you do not pay?

4

What is a shop where you can give valuable items for a loan?

5

What type of loan is used to buy a house?

6

What happens when you can’t pay your mortgage?

7

What is it called when someone takes back an item due to non-payment?

8

What document proves ownership and can be used as collateral?

9

What type of loan does not have collateral and charges more if unpaid?

10

What is a plastic card used to borrow money for purchases?

11

What is a short-term loan that provides cash up front?

12

What type of credit allows you to buy and pay later?

13

What type of loan is paid back in monthly payments?

14

What is a loan that uses your home's equity as collateral?

15

What is it called when two people are responsible for a loan?

16

What combines multiple loans into one for easier payments?

17

What happens when you cannot pay your debts and the government forgives them?

18

What type of loan can you get until your next payday?

19

What is a credit card classified as?

20

What type of loan has high interest rates and finance charges?

21

What type of bankruptcy is known as personal bankruptcy?

22

Which bankruptcy chapter is specifically for businesses?

23

What is the repayment plan bankruptcy called?

24

What service provides advice on getting out of debt?

25

What does a credit report include?

26

What is a record of repaying loans and bills called?

27

What is the range of a credit rating?

28

What credit score is considered low?

29

What is the number based on your credit history called?

30

What does a higher credit score indicate?

 
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