Credit
What is a credit score?
A credit score is a three-digit number between 300 and 850 that predits your creditworthiness and money management.
Is a credit score of 600 good or bad?
Is fair so neither good nor bad.
What is the longest river in the world?
The Nile river and or the Amazon river.
True or false paying the minimum payment is the fastest way to pay off your credit card debt?
False, because paying only the minimum will result in paying much more interest over a longer period of time and is not the fastest way to pay off debt.
At what age is your frontal fully developed?
By around age 25 for most people, this part of our brain is responsible for complex functions like decision making, planning,impluse control and reasoning.
True or false having more than 3 credit cards is good for your credit score?
False becuse having more then 3 credit is not really good for your credit score because it might be difficult to manage.
True or false you need credit to get a loan for a downpayment on a house
True.
How many countries does the continent of Africa has in toal?
Africa has 54 countries.
What is an Apr?
APR stands for anual percantage rate, the yearly cost of borrowing money.
What should you do if you notice that your credit card is missing but are not sure if is lost or not?
You should first of all lock the card if your have your banking app or call the bank and ask them to lock the card and then ask for new replacement.
What is the highest credit score you can get?
How many bones does grown adult have?
206 bones in their body
List two common mistakes credit card users make.
-Paying only the minimum payment each month
- Late payment-
- Maxing out your credit limit. etc..
Why does making minimum payment affect your credit longsterm?
Because the bank charges you interest everytime you pay only the minimum amout you own.
What is the hardest natural sustance on earth?
Diamonds