Show:
Components
Improving Score
Building Early
Debt
Miscellaneous
100

Does making late payments raise or lower your credit score?

It lowers it.

100
Should you open a new credit card that you don't need?

No.

100

Would you rather spend a night in a haunted house or a creepy cemetery?

Explain

100
Should you consolidate credit debt or consider paying cards off individually?

Consolidate your credit debt.

100

How does your credit score affect your ability to borrow money?

It can lead to higher interest rates.

200

What character from Seinfeld was Mrs. Shapiro at Halloween?

Elaine!

200

Does paying early help your credit score?

Nope! Just on time!

200

Should you consider secured credit cards?

Yes. Especially if never borrowed before or historically bad credit.

200

Who is Shap's celebrity crush?

McDreamy DUH!

200

Does checking your credit score hurt your credit?

No. But you do have to pay for a credit report if you order more than 1 a year.

300

What is one of the components of a credit score?

Payment History, Length of Credit History, New Credit, Types of Credit Used, Amounts Owed. 

300

Does paying your utilities on time help your credit score? Why?

No it doesn't because not all utility bills are reported to credit bureaus.

300

Should you co sign somebody else's credit card?

Nope! NOT AT THIS AGE! Maybe as a parent/guardian

300
Does vomit or hairy men gross out Shap more?

VOMIT (hairy is a close second)

300

What is a credit score?

A number assigned to a person that indicates the capacity to repay a loan.

400

What is the scoring system of credit?

Fico.

400

Does closing credit cards help raise your score?

No.

400

Should you apply for multiple credit cards at the same time?

No. Not unless you are running away from home (JUST KIDDING)

400

What is does APR stand for?

Annual Percentage Rate

400

Would you rather be in debt the rest of your life or live on $200 a week? Explain

Answers please....

500

What is the ideal percentage of credit used on a monthly basis?

Ideally, 10-20%.

500

Who loves Reeses Peanut Butter Cups

Ms. Shap

500

If you are concerned about your credit, should you pay your rent or your credit card bill?

Your credit card bill. Higher interest and you can talk to your landlord.

500

Can you get a credit card at 16 without a co signor?

NOPE!

500

Would you rather have $1,000,000 now or $50,000 a year for the rest of your life? Explain

Various answers.