Credit Cards
How old do you need to be to apply for a credit card?
18!!!!
How many credit bureaus are there?
THREE!!!
When purchasing a home, what should typically your debt percentage be?
≤ 45% !!
Math Quiz!!!
A delinquent payment!!!
Can I withdraw actual cash from my credit card?
Yes!!!
Name at least ONE Credit Reporting Agency
TransUnion, Equifax, and Experian!
In what order should I be paying off my debt?
Highest balance with highest interest rate!
Should I use cash or credit and why?
Utilize credit to help establish and keep your credit! This also helps build your credit report with Credit Agencies!
What is it called when a credit card holder adds you to their actual credit card. *Hint* You will have the authority to make transactions using the person's credit card as well.
Authorized User!
What website can I go to in order to OBTAIN ALL THREE credit reports and credit scores?
If you bought a 2023 Dodge Challenger R/T Scat Pack for $45,000 at a 5% interest rate, how much would your monthly payments be?
$742.72!!!!
If I file for Bankruptcy, how long does this stay on my credit report?
Seven years!!!
What percentage of credit utilization should you stay beneath?
20%!!!
How often are companies required to report information on your credit report?
At least once a year!
How can I pay my debt down sooner?
Pay more on your principal balance of your loan!
What type of credit card options do I have if I am looking to rebuild my credit?
Secured Credit Card!!!
How often should you monitor your credit?
At least once a year!!!
How long do credit inquiries stay on my credit report?
Where can I find Debt Management tools to have me be successful in Managing my debt?
Call me!!
This type of product will help if you have a lot of debt, and you are looking to just make one payment a month.
A Consolidation Loan!!