Advantages of credit cards
what is
Convenience
Emergencies
Big purchases can be spread out
Bonuses and rewards
no need for cash
immediate purchase power Etc.
How can you assure the best possible interest rate?
you should check your credit report to make sure it is accurate.
Credit scores range from 300 to 850.
True
Motives for indentity theft
Money, drugs, concealment of crime
The amount of major credit card companies
What is four
The two most important factors in determining your credit score is
1. Amounts owed
2.Length of credit history
3.Types of credit used
4.Payment history
What is amounts owed and Payment history
What are short term loans
A few late payments won’t affect your credit score.
False
Two possible actions to prevent form getting you identity stolen
What is shred all personal documents with your throwing them out. Don't give out personal information to people.
The percentage of couples that fight over money
What is 36%
The amount of credit cards the average family has
What is eight credit cards
Pay it off as fast as possible
Closing old credit card accounts will boost your score.
False
Name three types of identity theft
possible answers include
Another name for a credit score
What is a FICO score
The minimum age to own a credit card
What is 18 years old
What is the average student loan debt?
$35,000
Paying off bad debt will erase it from your credit history.
False
The best way to make make a make a strong password
2. Add special characters. 3.Customize for each website
The credit car company with the most credit cards in circulation
What is Capital One (99 million credit cards)
The ideal percentage of credit used per month
What is 10 to 20 percent
How much student loan debt is America in?
$1.6 trillion
Having multiple forms of debt generally helps your credit score.
True
what percent of people experience identify theft in the US
What is 33 percent
The amount of credit card debt in the US
What is $915 billion