Credit Cards
Mortgages
FICO Scores
Car Loans
General
100
A credit card is what type of loan?
What is an unsecured loan?
100
A mortgage is what type of loan?
What is a secured loan?
100
35% of what activity impacts your FICO score
What is Payment History?
100
A car does what as soon as it is driven off the car lot?
What is depreciate?
100
A person or organization who extends credit is known as a?
what is a creditor/lender?
200
This is what happen if you are 30 days past due on your credit card.
What is you get a late fee?
200
Besides the impact on their credit what else can happen to someone who does not pay their mortgage.
What is foreclosure
200
30% of what activity impacts your FICO score
What is Amount owed?
200
A car loan is what type of loan
What is a secured loan?
200
A person who goes a loan is known as a?
What is a Co-borrower
300
What is Master card or Visa
What is a Credit card?
300
If your mortgage payment is over 30 days past due what happen to your credit report
What is it gets Marked?
300
The name of one of the the three credit reporting agencies
What is Trans Union, Equifax or Experian?
300
This is what happens if a person does not pay their car loan
What is Reposession?
300
An individual must be of what age to enter into a legally binding contract?
What is 18 years old?
400
How is simple intrest calculated
What is Principle * Rate * Time?
500
Name the document that shows your payment history and keeps track of your FICO score.
What is your Credit report?
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