CC and PSL Quiz

Loan Quiz

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01

True or False: Credit Cards can have ancillary insurance products added to them.

True

False

02

A cardholder with the same permissions, however, not liable for the debt and still reported to credit bureau is called

Guarantor

Cp-Borrower

Authorized User

03

This type of Credit Card has a minimum balance request of $5,000

VISA Signature

VISA Platinum

VISA Platinum Rewards

04

This is the transfer of a balance on an account to another account, often held at another institution. It is most commonly used with credit cards

Refinance

Loan Advance

Balance Transfer

05

Meridian Link can process application for the following credit card related requests EXCPET:

Adding/Removing Authorized User

New Card Requests

Adding/removing a joint borrower

Limit Increases

06

An unsecured loan with a fixed interest rate to be repaid in equal payments over a specified term between 1-84 months is referred to as

Pumpkin Spice Latte

Personal Signature Loan

Line of Credit

07

If the member is looking to consolidate their debt with a personal signature loan, what needs to be edited inside of the application?

Tradelines

Credit Report

08

What is the MAX term for a Personal Loan?

84 months

82 months

72 months

60 months

09

Personal Loan Pre-Approvals are for what term?

60 months

84 months

72 months

10

What additional paperwork is needed for a Debt Consolidation?

Discovery Tool

Balance Transfer Worksheet

Payoff Worksheet

It's dinner time!

Watch out! You've made a mistake, caveman

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