Kangaroos
The range of your credit score.
What is 300 - 850?
Was Mr. Zilkha born in the Bronx, Long Island, Seattle, or Vermont?
What is the Bronx?
2 to the 6th power.
What is 64?
cube root of 27.
What is 3?
I borrow $277.5 off of a credit card with a $500 limit. What is my credit utilization? Round to the nearest one hundredth of a percent.
What is 55.50%?
This percent of teens visits youtube at least once a day. Come within 19%.
What is 70%?
The credit utilization rate you should not go over so that it won't hurt yiour score.
What is 30%?
The credit utilization rate if I borrow $300 off of a credit limit of $500.
What is 60%?
- leasing an apartment
- setting up utilities
- applying for a job
- buying a car
- buying a home
- receiving better interest rates on credit cards
- getting a cell phone
Why it's important to establish good credit when you're young.
The name of the credit score which is a three-digit number that represents your creditworthiness and predicts how likely you are to repay borrowed money on time.
What is FICO?
I borrow $375 off a credit card that has a limit of $1,000. I have another credit card in which I borrowed $85 off of a limit of $500. This is the credit utilization rate. Round to the nearest one hundredth of a percent.
What is 30.67%?
This method combines multiple, high-interest debts into a single monthly payment
What is the Consolidation method?
a person added to another person’s credit card account (the primary cardholder) who receives a card in their own name to make purchases.
What is an authorized user
a record of how you manage debt, including repayment behavior on credit cards and loans, which lenders use to determine creditworthiness.
What is credit history?
nationwide credit reporting agencies in the U.S. that collect, analyze, and sell data on consumer financial behavior. Name 2 of 3.
Equifax, TransUnion, Experian
a debt-reduction strategy where you pay off balances in order of smallest to largest, regardless of interest rate, to build psychological momentum.
What is the Snowball method?
This occurs when a lender checks your credit report to make a lending decision, typically after you apply for a credit card, loan, or mortgage. It will lower your credit score initially.
What is a Hard inquiry?
The year BBA will celebrate 200 years of service.
What is 2029?
The percentage of your revolving credit limits (such as credit cards) currently being used. It is calculated by dividing your total revolving balances by your total credit limits.
What is credit utilization rate?
a strategic, interest-focused approach to debt repayment that saves the most money over time. It involves listing all debts by interest rate (highest to lowest), making minimum payments on all, and targeting extra payments at the highest rate debt to minimize interest charges
What is the Avalanche method?