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.


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.