Consumer debt What Is Consumer Debt?

Consumer debt What Is Consumer Debt? Consumer debt What Is Consumer Debt? - Start

Added : 2018-09-19 Views :13K

Download Presentation

Consumer debt What Is Consumer Debt?




Download Presentation - The PPT/PDF document "Consumer debt What Is Consumer Debt?" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.



Presentations text content in Consumer debt What Is Consumer Debt?

Slide1

Consumer debt

Slide2

What Is Consumer Debt?

Outstanding money owed by consumersExamplesCredit Card Debt

Student Loans

Mortgages

Slide3

Why Is This Important?

Americans Love DebtAt the end of 2010, Americans had $1,117,000,000 in CREDIT CARD DEBTAnyone Can Get a Credit Card

Only have to be 18 years old

Slide4

How It Impacts Students

You will have debtStudent loansCar loans

Home loans

CREDIT CARDS ARE EVERYWHERE

In the mail

At stores

Best Buy, Macy’s, Nordstrom

On college campuses

Slide5

SKIT

Time to Buy a CarWhat Rights Do You Have as a Buyer?

What is Good For You Is NOT Good For Them

Watch Out For

Sleezy

Car Salesmen

Slide6

Rights of a Car Purchaser

Ask whether the car has a warranty or is sold “as-is”Ask for all promises in writing

Ask for the car to be inspected by an independent mechanic before you buy

LEMON LAW PROTECTION

State and Federal Law

Remedy if seller lies

Slide7

LIST OF TERMS

InterestThe money paid by the consumer to the borrower for the use of borrowed moneyAPR

Annual Percentage Rate – the yearly cost of a loan, as a percentage of the amount owed

Credit Purchase

A legally binding agreement in which a borrower receives something now and agrees to pay the lender back at a later date.

Slide8

LIST OF TERMS

Credit CardAny card that can be used to repeatedly borrow money or buy products on credit.Minimum Payment

The smallest amount that can be paid per month to avoid a penalty

Late Fee

Money charged when payment is not received on time

Slide9

List of Terms

Credit ScoreSomething everyone hasA way companies measure how good you are at repaying loans

Credit Agency

Companies that compile your information and determine your credit score

Warranty

An agreement between buyer and seller in which seller agrees to make repairs or fix problems in the future


About DocSlides
DocSlides allows users to easily upload and share presentations, PDF documents, and images.Share your documents with the world , watch,share and upload any time you want. How can you benefit from using DocSlides? DocSlides consists documents from individuals and organizations on topics ranging from technology and business to travel, health, and education. Find and search for what interests you, and learn from people and more. You can also download DocSlides to read or reference later.
Youtube