Line of Credit

Question or Hint Answer or Word
  1. What type of credit is LOC? Revolving (wrong answers: Fixed, Permanent)
  2. Who can apply for a LOC? Consumer, Ag & Commercial Members (wrong answers: Infants, Toddlers & Pet Members, Cows, Horses & Pigs)
  3. What can LOC's be used for? general day to day household expenses (wrong answers: pulling a boat trailer, smelling flowers)
  4. Why is a LOC a better suggestion than a Credit Card at times? LOC has Lower Interest Rate (wrong answers: LOC has higher interest rate, CC has same interest rate)
  5. What values does a LOC service fall under? Service Excellence (wrong answers: Communication, Community)
  6. What should I do if a member wants to add spouse as joint owner on account with LOC attached? Refer to Lender (wrong answers: Stare blankly at the member, slowly lower down at your wicket)
  7. How frequently is the LOC reviewed? Annually (wrong answers: Monthly, Quarterly)

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