The following are the pull down menu options: (the skipped numbers are the ones that I knew for sure)

1- checking acct, debit card, student loan

2- for between $500 and $1,0000, without any dollar amount

5- based on a regular disbursement schedule, when you decide to write a check for them

6- does not require, requires

7- with no dollar limitations, for $25,000 or more

8- when you have spare money, once a year, once a month

9- size of your home, equity in your home

10- less, more

11- increase,decrease

12- do, do not

13- secured with an additional mortgage on your house, unsecured

check all that apply

15- a loan, your own money

16- is, is not

17- make purchases sooner than you otherwise planned, draw on the equity in your home

18- very simple, combersome

19- be managed by using overdraft protection, quickly become overwheling

20-it taps into equity funds you may be depending on for your retirement, long payment periods of 10 or more years

end of problem

7. Revolving lines of credit Revolving lines of credit generally do not involve the use of credit cards and often offer borrowers more credit at lower interest rates than credit cards. Borrowers use checks to pay their bills, purchase goods and services, or even to take cash advances. Banks, brokerage houses, and other financial institutions offer open account credit to qualified borrowers. Revolving Credit Lines Overdraft protection is linked to your checking account in case you overdraw your account. It draws on a line of credit that is usually established . You should use your overdraft provision - Frequent use of your overdraft provision can signal that you're credit You receive funds from an unsecured personal line of credit . Securing this type of line of going through the formality of setting up a new loan. It draws on a line of credit that can be . Remember, even though acquiring the funds is as simple as writing a check, the funds still represent a loan. Payments are usually structured to be due Home equity lines of credit enable you to acquire cash based on the . The majority of lenders extend home equity lines of credit based on either 100% of your equity or some portion, usually 75% to 80% of your home's market value, whichever is . If you have an existing mortgage on your home, most lenders will your maximum line of credit by the outstanding balance of that mortgage. Today your home is worth $250,000. The balance you owe on your mortgage is $20,000. Your equity is $ . You have to sell your home in order to gain access to your equity. According to your lending institution's policy, the maximum home equity line of credit is 80% of your home's worth. Eighty percent of your home's worth is $ . Your lending institution follows the practice of most lenders as described in the previous paragraph. Your line of credit will be $ . This line of credit is considered a loan that will be What do the three major forms of open (non-credit card) credit have in common? Check all that apply. They are helpful in emergencies. They provide funds that can easily be exhausted. They provide funds that are easy to spend unwisely. They require collateral. Knowing how revolving lines of credit work will help you to make informed decisions about using them. Answer the following questions about the various options available through revolving credit lines. Using overdraft protection without getting into trouble with it requires . Remember that the funds used for the protection are . As such, there a fee attached to using the funds. Ask yourself if the accumulating fees are really worth your overdrafts, for many of which you may have forgotten the original use. . Remember that a big danger is that Using an unsecured line of credit can help you once approved, obtaining cash advances is . The debt created can . A big An advantage of using a home equity line of credit is danger is that you have the cash flow necessary to make the payments. You lose your house. 7. Revolving lines of credit Revolving lines of credit generally do not involve the use of credit cards and often offer borrowers more credit at lower interest rates than credit cards. Borrowers use checks to pay their bills, purchase goods and services, or even to take cash advances. Banks, brokerage houses, and other financial institutions offer open account credit to qualified borrowers. Revolving Credit Lines Overdraft protection is linked to your checking account in case you overdraw your account. It draws on a line of credit that is usually established . You should use your overdraft provision - Frequent use of your overdraft provision can signal that you're credit You receive funds from an unsecured personal line of credit . Securing this type of line of going through the formality of setting up a new loan. It draws on a line of credit that can be . Remember, even though acquiring the funds is as simple as writing a check, the funds still represent a loan. Payments are usually structured to be due Home equity lines of credit enable you to acquire cash based on the . The majority of lenders extend home equity lines of credit based on either 100% of your equity or some portion, usually 75% to 80% of your home's market value, whichever is . If you have an existing mortgage on your home, most lenders will your maximum line of credit by the outstanding balance of that mortgage. Today your home is worth $250,000. The balance you owe on your mortgage is $20,000. Your equity is $ . You have to sell your home in order to gain access to your equity. According to your lending institution's policy, the maximum home equity line of credit is 80% of your home's worth. Eighty percent of your home's worth is $ . Your lending institution follows the practice of most lenders as described in the previous paragraph. Your line of credit will be $ . This line of credit is considered a loan that will be What do the three major forms of open (non-credit card) credit have in common? Check all that apply. They are helpful in emergencies. They provide funds that can easily be exhausted. They provide funds that are easy to spend unwisely. They require collateral. Knowing how revolving lines of credit work will help you to make informed decisions about using them. Answer the following questions about the various options available through revolving credit lines. Using overdraft protection without getting into trouble with it requires . Remember that the funds used for the protection are . As such, there a fee attached to using the funds. Ask yourself if the accumulating fees are really worth your overdrafts, for many of which you may have forgotten the original use. . Remember that a big danger is that Using an unsecured line of credit can help you once approved, obtaining cash advances is . The debt created can . A big An advantage of using a home equity line of credit is danger is that you have the cash flow necessary to make the payments. You lose your house