PPT-1 Credit Cards Avoid the Minimum Payments Trap!

3 examples Revised April 2015 2 Marsha A Goetting PhD CFP CFCS Professor amp Extension Family Economics Specialist Department of Agricultural Economics amp Economics 3 Credit Cards. Dallas AFP. Oct. 16, 2014. Matt Davies, AAP, CTP, CPP. Federal Reserve Bank of Dallas. 1. EMV. “. EMV” = Europay, MasterCard, and . Visa. 1994: Founded the global standard for credit and debit payments based on chip card technology. . 3% examples. Revised . April 2015. 2. Marsha A. . Goetting. . Ph.D., CFP. ®. , CFCS. Professor & Extension Family Economics Specialist. Department of Agricultural Economics & Economics. 3. Credit Cards. Introduction. The majority of Canadian have at least one, and possibly multiple credit cards.. introduction. Credit cards originated in the USA in the 1920s.. Individual companies offered them to people making purchases from those businesses.. Today’s Presentation. Introduction . Credit card basics and terminology. Obtaining a credit card. Extra information for you. How to handle disputes. Conclusion and activity. Please ask questions at any time.. Credit Cards. CENTS. What is a Payday loan?. A Payday loan is . a small loan, also known as a “cash advance.” These loans typically become due in 14 days - your next payday. . When . taking out a payday loan, lenders require a check for the full balance of the loan (including interest and fees) that may be cashed when the loan is due. – a solution for the financially excluded?. The . National Prepaid Cards . Network. Colin . Whitehouse. Independent Govt. Advisor. Chair – National Prepaid Cards . Network. c. olin.whitehouse@sulion.co.uk. Advantages and Disadvantages. What is credit?. What is the difference between debit and credit cards?. What are advantages and disadvantages of credit cards?. VOCAB TO KNOW!. Credit. : . goods, services, and/or money received in exchange for a promise to pay back a definite sum of money at a future date. Face Off. PLAY. Question #1. What . is the name of this Credit Card? . Surge Credit Card. ANSWER. Question #2. When is the payment due?. 7/12/15. ANSWER. Question #3. If ODP is used to cover a check, how would it appear on the credit card statement? . Slide. . 1. 1. List the 3 major credit bureaus. 2. What's the highest credit score you can have?. 3. What is the name of the standard credit score? . Hint – 4 letter word starting with F. 4. What is the consumer law that requires the costs of a loan to be provided in writing to consumers?. Unit 3. Payment, Interest Rates, & Credit Cards. Key Terms. Credit. Credit card. Credit limit. Charge. Interest rate. Payment due date. Outstanding balance. Finance Charge. Grace period. Late fee. Personal Finance. Mrs. . Bullock. What is a Credit Card?. Is a credit card open-end or closed-end credit?. Credit Card Interest. Interest is charged . _______________. . the balance is not paid in . Name, county, and date here. All Credit is Not Equal. Affordable Credit. vs. .. Too . Much Credit. When you use credit,. you’re spending money . before . you earn it. .. Types of . Credit:. Revolving Credit Account. A Case for Cards. One of the fastest and most concrete ways to improve Credit Score. Free Short Term Loan. Credit card companies often offer bonuses and points for use. If paid off at the end . . of every month, they . Credit Card Basics . A credit card is a loan that is based on the character, or reputation, of the person that . holds the card.. How . does the credit card company know the character of the . card holder? By getting .