Matching Pairs Types of Credit Matching GameOnline version Match the type of credit with it's definition. This activity is for high school students. by Arizona Bar Foundation 1 Credit Card 2 Student Loans (college) 3 Payday Loans/Cash Advances 4 Informal Loans 5 Personal Loans from a Bank (car/mortgage) 6 Charge Account Borrowing money from family members, friends, or acquaintances. Money borrowed from a lender either unsecured or secured (with only a signature or an item that can be taken by the bank in the event the loan isn’t paid, such as a car or home). Purchasing products using a credit line at one particular store only. An amount of money borrowed each semester to cover education and living expenses. A lender provides a specific line of credit to be used for purchases anywhere the credit card is accepted (such as Visa). You agree to pay a minimum monthly amount of money owed, annual fee and interest fee for using the credit. An amount of money lent based on the amount of money one receives each paycheck.
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