Borrowed money always comes with strings attached. These videos explain loans, credit cards, mortgages, and credit scores, so the fine print never catches you off guard.
Quiz: Loans and Borrowing Basics Borrowing can be a useful tool or a costly trap. Test your grasp of debt, APR, and smart borrowing. We have talked about home equity loan and home equity Line of Credit or HELOC in the past. But can you please quickly summarize these for me? Both home equity loan …
Quiz: Loans and Borrowing Basics Borrowing can be a useful tool or a costly trap. Test your grasp of debt, APR, and smart borrowing. What is a Home Equity Loan? It is a loan where you borrow money using your home equity as collateral. It is also known as a second mortgage. How does a …
Quiz: Mortgages and Buying a Home A home is the largest purchase most people make, and the most borrowed for. See how well you understand mortgages, down payments, and renting versus buying. What is Home Equity Line of Credit? A home equity line of credit or HELOC is a revolving line of credit, based on …
What is Home Equity? Home equity is based on the fact that even if your home is in your name, you don’t really own 100% of it if you have borrowed money to buy it and are still repaying the mortgage. Home equity is the portion of your home that you truly own. Can you …
Quiz: Credit vs Debit Cards Credit card or debit card – do you know which to use and when? Test your knowledge of how each one works with this short, practical quiz. We’ve talked about credit cards before, but recently I heard about a virtual credit card. What is that? A virtual credit card is …
Quiz: Mortgages and Buying a Home A home is the largest purchase most people make, and the most borrowed for. See how well you understand mortgages, down payments, and renting versus buying. I recently heard about FHA Loans on TV. But what is an FHA loan anyway? FHA stands for Federal Housing Administration. An FHA …
Quiz: Everyday Risk Protection Protecting your money is not only about insurance. Test your grasp of identity theft, FDIC insurance, and financial safety nets. What Is an Overdraft? An overdraft occurs when you try to withdraw more money than what you have in your account, making your account balance negative. What happens in this case? …
Introduction to FICO Score / Credit Score for Kids and Teens This video explains the concept of credit score in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about FICO score, or used as a money & personal finance resource by parents and teachers as …
Quiz: Credit Scores and Credit Reports Lenders judge you by a number most people do not understand. See how well you understand scores, reports, and what moves them. What is a credit report? Credit bureaus like Equifax, Experian, and TransUnion collect information about your financial activity, employment history, etc. from banks, financial institutions and other …
What Is LIBOR? LIBOR stands for London Interbank Offered Rate. It’s the interest rate at which major banks lend to one another for the short-term in the international market. Why is LIBOR important? LIBOR serves as a well-accepted benchmark interest rate, based on which the interest rates for many other loans are decided. This not …
