Credit Basics
Buying now and paying later is called this.
What is credit?
Paying your bills on time helps improve this.
What is your credit score?
This card uses money directly from your bank account.
What is a debit card?
A loan used to buy a car.
What is an auto loan?
You should keep this number private to protect your identity.
What is your Social Security Number?
This is money you borrow and must pay back.
What is a loan?
You should pay this every month to avoid late fees.
What is your credit card bill?
This card lets you borrow money.
What is a credit card?
A loan used to buy a house.
What is a mortgage?
Secure websites usually begin with these letters.
What is HTTPS?
A plastic card that lets you borrow money for purchases.
What is a credit card?
Paying the full balance each month helps you avoid paying this.
What is interest?
This card usually requires you to pay the balance in full each month.
What is a charge card?
This type of loan requires collateral.
What is a secured loan?
Destroying personal documents before throwing them away is called this.
.What is shredding?
The amount of money you owe on a credit card.
What is a balance?
This document shows your purchases and payments each month.
What is a credit card statement?
This card has money loaded onto it before you can spend it
What is a prepaid card?
This type of loan does not require collateral.
What is an unsecured loan?
Checking your statements helps you find this type of activity.
What is fraud?
The cost of borrowing money.
What is interest?
A person who uses credit responsibly is said to have good ______.
What is credit?
Gift cards are a type of this card.
What is a prepaid card?
The item promised to a lender if a borrower cannot repay a loan.
What is collateral?
These lenders often charge very high interest rates.
What are payday lenders?