BUSN 380 STUDY Learn Do Live /busn380study.com BUSN 380 STUDY Learn Do Live /busn380study.com | Page 42

a home equity loan.
a period when no interest is charged.
a lump-sum loan from a credit union.
Question 12. Question : (TCO 3) Usually, medium-priced loans can be
obtained from
parents or family members.
commercial banks and credit unions.
the Diners Club.
finance companies.
American Express.
Question 13. Question : (TCO 3) What is the top reason why
consumers default on their debts?
Medical expenses
Defective goods and services
Excessive use of credit
Fraudulent use of credit
Consumer fraud
Question 14. Question : (TCO 3) The following bankruptcy option
allows a debtor with a regular income to extinguish his or her debts
from future earnings over time.
Chapter 7
Chapter 11