Credit Score
What is something you can do you get good credit score?
What is, by returning loans on time.
Why should you want a credit card?
What is, for emergencies that you have to pay off stuff.
Doing this one thing on time every month helps your credit if you don't do it bad things can happen to your credit.
What is, paying off the bills on time.
Define debt
What is, an amount of money you borrow that has to be paid back, usually with interest.
What is, true
Are C's on your credit card good or bad.
What is, good.
Why should you not want a credit card?
What is, the credit cost money an if you don't pay it off it may make negative reports on your credit score.
This 3-digit number tells you how good you are with credit.
What is, Credit Score
What is credit score?
What is, A 3-digit number that shows if you are trustworthy with money/loans.
There are over 100 credit card companies in Texas.
What is, false
What is a good credit score? (number range)
What is, good credit scores can range from the mid 600s to over 800. A perfect credit score is 850.
What should you immediately do if you lose your credit card? DOUBLE POINTS
What is, call the bank to close the card, or if you can close it online.
Bobbbybobbobbobbybobbobboblacancious jr. has a monthly income of 1000 dollars how much percent should he maintain to help his credit?
What is, 30% or $300
What is a credit card
What is, a card used to pay off payments that takes money form the bank that you have to repay later.
L's on your credit score don't do any harm.
What is, false.
How long do negative reports stay on your credit?
What is, 7-8 years
What can applying for too many credit cards do to your credit?
What is, it can negatively impact your credit score.
If someone has never had a late payment what will their credit score be.
What is, 850.
What is interest?
What is, a little extra money charged on top of the total.
60% of Americans have a credit score over 700.
What is, true
Can you get credit score before you get a credit card?
What is, yes
What should you look at when applying for a credit card?
What is, interest rates, fees, and benefits to the card
Bobbbybobbobbobbybobbobboblacancious jr. has 3 credit cards he only uses one, what will happen to the other two cards.
What is, the other two cards will be closed and be on his record that he had to close two credit cards due to inactivity which will lower his credit score.
Gross income
What is, the total amount of money an individual or business earns or receives from all sources before any taxes, deductions, or expenses are subtracted.
Interest rates on loans are usually higher at credit unions than they are at banks.
What is, false.