Loan Quiz
Start
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
Back
CC and PSL Quiz
Brandee Kirkman
Created on April 29, 2024
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Transcript
Loan Quiz
Start
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
Back