Questions from Personal Finance


Q: Who extends student loans? What are the characteristics of student

Who extends student loans? What are the characteristics of student loans?

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Q: What is home equity? Describe how home equity loans work.

What is home equity? Describe how home equity loans work.

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Q: Discuss the two ways financial institutions might define equity to set credit

Discuss the two ways financial institutions might define equity to set credit limits. What happens if you default on a home equity loan?

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Q: What is universal life insurance? How does it differ from term

What is universal life insurance? How does it differ from term life and whole life?

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Q: How are interest rates calculated for the two types of home equity

How are interest rates calculated for the two types of home equity loans? Why do borrowers prefer home equity loans to other loans?

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Q: Why may a weak economy cause the limit on your home equity

Why may a weak economy cause the limit on your home equity line of credit to decline? Why may a strong economy cause the limit on your home equity line of credit to rise?

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Q: What is peer-to-peer lending? What are the

What is peer-to-peer lending? What are the advantages of a peer-to-peer loan?

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Q: Explain the advantages and disadvantages of buying a new car instead of

Explain the advantages and disadvantages of buying a new car instead of a used car.

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Q: What type of information is contained in the Buyers Guide?

What type of information is contained in the Buyers Guide?

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Q: What are payday loans? Why should you avoid payday loans as

What are payday loans? Why should you avoid payday loans as a source of funds?

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