Credit
Credit Cards
Loans
Credit Fun Facts
Black Sayings
100
What does APR stand for?
Annual Percentage Rate
100
Name one do and don't with credit cards.
Do's:
- Pay your bill early
- Keep your utilization below 30%
- Try to pay above the monthly payment
- Keep your longest credit
Don'ts:
- Don’t open too many lines of credit
- Don’t max out your credit card
- Don’t spend more than you can afford
- Don’t pay bill late
100
What is a loan?
Money borrowed from banks or other financial institutions
100
What year were credit scores created?
1950
100
Do the dance associated with this TikTok sound.
In the cut with my twin we be vibin'...
200
What is the range for credit scores?
300-850
200
What is the principal payment?
Payment toward the original amount of a loan that is owed
200
How much money can you get from a personal loan?
$1,000- $50,000
200
T or F: Potential employers can't reject your application based on your credit report.
False
200
Define the word "Finna".
- About to
-Going to
300
Name at least 3 ways to build credit.
1. Open up a credit a credit
2. Becoming an authorized user
3. Make timely payments on loans and credit cards
4. Build and maintain good credit habits
5. Improve your credit utilization
300
What type of credit is a credit card? Revolving, installment, or service credit?
Revolving
300
What is a conventional loan?
A conventional loan is a mortgage loan that's not backed by a government agency
300
What year could women open their own credit lines?
1974
300
Finish the TikTok Sound, with the singing. Nationwide is on...
YOURRRRRR SIIIIIDDDDEEEEEE
400
What are 4 out of the 5 factors that affect your credit score?
1. Payment History
2. Credit Utilization
3. Length of credit history
4. Credit Mix
5. New Credit
400
Name the three credit cards that we mentioned.
Capital One Savor, Discover It, and Capital One Quicksilver
400
Name 2 differences between subsidized and unsubsidized loans.
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400
How many credit cards are there in 2022?
Over 500 Million
400
What rapper's name is Belcalis Almanzar?
Cardi B
500
Name the three credit bureaus.
TransUnion, Equifax, Experian
500
How to calculate credit utilization?
Your total debt/ Your Total Available Credit
500
Name the three types of loans.
- Secured and Unsecured loans
- Open-ended and closed-end
- Conventional loans
- Personal loans
500
How many Americans don't have any type of credit?
26 million
500
What is this abbreviation? SCBIGYSTCA (Hint: Something our parents used to say to us when we made them mad)
Stop crying before I give you something to cry about.