Credit Basics
What is Credit?
What is Trustworthiness or borrowing money and paying it back later
What is the Worst credit behavior?
What is Not paying your Credit Card bill On Time
What is a Credit Card made out of?
What is Plastic?
What is a borrower?
What is someone who receives something today with a promise to pay it back in the future
How many Misconceptions of Credit are there?
What is 6
What is the Cost of Credit?
What is Interest Rates?
What is a good amount of Credit Cards that one person should have?
What is 1-2 Credit Cards
Credit Cards should be used how?
What is Responsibly?
What is a Credit Report?
What is a record/statement/report of a person’s use of credit.
Is FICO the only Credit Reporting Agency?
What is No
What are examples of different sources of credit?
What is mortgages, auto loans, personal loans
What is a Credit Card Deadbeat?
What is someone that pays their Credit Card Bill on Time
What is the difference between Credit and Debit Cards?
What is Credit is using the Banks Money and Debit is using your Own money?
How does a Hard Credit Check do to your Credit Score?
What is it negatively affects your Credit Score
Determine if the following statement is True or False. "Because I already have a Great Credit score, I shouldn't worry about making Payments?"
What is False?
What are the 2 other names for Open-Ended Credit?
What is Revolving Credit and Unsecured Credit
What happens if you do not pay you Credit Card Bill on time?
What is Banks will charge Compound Interest until the bill is Fully paid?
Credit Users should look at what to understand and compare the cost of Credit?
What is Schumer Box
Which of the following is NOT a Credit Reporting Agency? A)Experian B)Equifax C)Trans Union D)Transatlantic
What is D, Transatlantic
Is checking your credit Bad for your credit and why?
What is No, because Soft Credit checks don't impact your Credit Score
What is the name for short-term cash advance secured by a taxpayers expected tax refund?
What is Refund Anticipation Loan?
When we use a credit card, we are jeopardizing our what?
What is future Discretionary Income?
Credit card companies charge different APR’s (interest rates) for different activities like?
What is Balance transfers and Cash advances?
What would a company looking to hire you do and how would it affect your Credit Score?
What is a Soft Credit Check and No effect on your Credit Score?
How long does it take for your Credit Score to improve and how?
What is around 6 Months if you make all of your payment and have good Credit Habits