Question
1. How much interest would you pay on a vehicle loan of $50,000 with an interest rate of 2.5% and a loan period of 5
1. How much interest would you pay on a vehicle loan of $50,000 with an interest rate of 2.5% and a loan period of 5 years (60 Months)?
2. What are the three major personal Credit Rating institutes and why are the ratings different?
3. What do experts say are the ranges of the different classifications of credit scores (start with excellent and work down to Lousy? (Cite this from an expert resource)
4. What major factors affect personal credit rating scores?
5. What are the 5Cs and on a scale of 1 - 10, how do you think you currently rate on each one?
6. What does Dave Ramsey say is the most important rule to follow when making a Major Purchase?
7. What are the five major types of Mortgages and what factors sets each apart from the other?
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