We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Modified over 5 years ago
CONSUMER LOANS PERSONAL FINANCIAL PLANNING DR. AA NEIDERMEYER
TYPES OF LOANS AUTO DURABLE GOODS EDUCATION PERSONAL CONSOLIDATION
EDUCATION LOANS STAFFORD PERKINS SUPPLEMENTAL PARENT WWW.FASTWEB.COM
SOURCES OF CONSUMER LOANS COMMERCIAL BANKS CONSUMER FINANCE COMPANIES CREDIT UNIONS SAVINGS AND LOAN ASSOCIATIONS SALES FINANCE COMPANY LIFE INSURANCE COMPANIES FRIENDS AND RELATIVES
MANAGING YOUR CREDIT FINANCE CHARGES LOAN MATURITY TRANSACTION COSTS COLLATERAL TIMING OF PAYMENTS
FINANCE CHARGE OPTIONS SIMPLE INTEREST METHOD DISCOUNT METHOD
INSTALLMENT LOAN PROFILE SECURITY AGREEMENT PROVIDES COLLATERAL ARRANGEMENT FOR SELLER NOTE BINDS THE PARTIES CREDIT LIFE INSURANCE?? ?? ACCELERATION CLAUSE, REPOSSESSION, BALLOON PAYMENT
INTEREST COMPUTATION SIMPLE ADD-ON NOTICE THE “APR” DISCLOSURE ?? PREPAYMENT PENALTY
G1 (BAII Plus) © Family Economics & Financial Education – June 2006 – Transportation Unit – Shopping for an Automobile Loan (BAII Plus) Funded by.
OBJECTIVES 4-2 LOANS Read monthly payments from a table.
Test Review Chapters 6,7, and 8
Bennie D Waller, Longwood University Personal Finance Bennie Waller Longwood University 201 High Street Farmville, VA.
Copyright ©2004 Pearson Education, Inc. All rights reserved. Chapter 8 Personal Loans.
CHAPTER 7: USING CONSUMER LOANS
Credit. 1.Credit – An agreement to pay for current purchases some time in the future. 2.Finance charge – The total amount of money paid for a credit purchase.
1 Consumer Loans. 2 Consumer loans have some differences compared to credit cards and other open credit plans like credit cards: Consumer loansOpen credit.
Shopping for an Automobile Loan What Do I Need to Know? Using Standard Calculators.
7 - 1 COPYRIGHT © 2008 by Nelson, a division of Thomson Canada Ltd Chapter 7 – Using Consumer Loans.
PART 2: MANAGING YOUR MONEY Chapter 7 Using Consumer Loans: The Role of Planned Borrowing.
Chapter 7: Credit Cards and Consumer Loans Garman/Forgue Personal Finance Ninth Edition PPT slide program prepared by Amy Forgue and Ray Forgue.
Prentice-Hall, Inc.1 Chapter 7 Using Consumer Loans: The Role of Planned Borrowing.
a type of credit that is typically started at the time of purchase for a specific asset Common for purchases of $1,000 or more Ex. car, motorcycle.
Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 9-1 Objectives Provide a background on personal loans Outline the types of interest rates.
Shopping for an Automobile Loan What Do I Need to Know? Using Financial Calculators.
G1 (BAII Plus) Shopping for an Automobile Loan What Do I Need to Know? Using Financial Calculators.
Credit Fundamentals Chapter Using Credit Two parties involved: 1.Debtor – Anyone who buys on credit or receives a loan 2.Creditor – The one who.
© 2021 SlidePlayer.com Inc. All rights reserved.