Credit
Credit Reports/Credit History
Credit Cards
Situations
Miscellaneous
100
What is credit?
Basically means someone is willing to loan you money
100
How many free credit reports do you get a year?
You get one from each credit bureau, totaling to three credit reports per year.
100
Where can you get a credit card?
Stores, Bank, Credit unions, Financial institutions, Stores, Gas stations, etc. Miscellaneous.
100
What should you do if you need to get a car loan?
Talk to the bank, auto dealer, credit union, or other financing business. Apply for a loan.
100
What is Ms. Walden's hometown?
Hutchinson
200
What are four types of common credit?
Installment loans, Student Loans, Mortgage, Credit Cards
200
What is one way you can you build credit from scratch?
Get a credit card, Use credit wisely, Have different kinds of debts, Pay all of your bills on time, Don't close an unused credit card account, etc. Miscellaneous answers accepted.
200
What is one good thing about having a credit card?
Buying something now and paying for it later, Building credit, etc. Miscellaneous answers accepted.
200
If you realize you cannot afford to make a payment on a loan, what should you do?
Contact the provider and try to work out a plan.
200
Where is Ms. Walden going to next to student teach?
Anthony Middle School in Manhattan
300
Where can you go to apply for an installment loan?
Bank, Credit Union, Auto Dealer, etc.
300
What happens to your credit score if you miss one payment?
It goes down
300
How much should you pay on your credit card per month?
At least the minimum- Try to pay your bill in full.
300
What are 5 items usually seen on a loan application?
Name, Social Security Number, Address, Place of Work, Income, Credit references such as a bank.
300
This number, one of the first 20, uses only one vowel (4 times!).
Seventeen
400
What is the way to compare different forms of credit that is figured using the same formula.
APR (Annual Percentage rate)
400
What should you do if you find something inaccurate on your credit report?
Write to one of the 3 credit bureaus
400
Give an example of a credit card.
Mastercard, Visa, Discover, American Express.
400
What is an example of a situation that could improve your credit score.
Miscellaneous answers accepted.
400
How many siblings does Ms. Walden have?
Two sisters and two brother-in-laws
500
Name 3 advantages of using credit and 3 disadvantages
Miscellaneous Answers.
500
What are the 3 credit bureaus?
Experian, TransUnion, and Equifax
500
What should you look at when comparing credit cards?
APR, annual fees, What kind of credit you need to have to get it, Co-signer required or not, etc.
500
What are 3 ways you can protect your identity?
Shred your bank statements, Do not carry your social security card, Do not give your social security number out, etc.
500
What is Ms. Walden's favorite candy?
Sour Patch Kids
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