Credit Cards
Loans
True or False
Identity Theft
Bonus Questions
100

Advantages of credit cards 

what is 

Convenience
Emergencies
Big purchases can be spread out
Bonuses and rewards
no need for cash
immediate purchase power                                Etc.

100

How can you assure the best possible interest rate?

you should check your credit report to make sure it is accurate.

100

Credit scores range from 300 to 850.

True 

100

Motives for indentity theft 

Money, drugs, concealment of crime

100

The amount of major credit card companies 

What is four 

200

The two most important factors in determining your credit score is 

1. Amounts owed 

2.Length of credit history

3.Types of credit used

4.Payment history 

What is amounts owed and Payment history 

200
These types of loans have higher interest rates, some may even have fees instead of interest rates. 

What are short term loans

200

A few late payments won’t affect your credit score.

False

200

Two possible actions to prevent form getting you identity stolen 

What is shred all personal documents with your throwing them out. Don't give out personal information to people. 

200

The percentage of couples that fight over money 

What is 36% 

300

The amount of credit cards the average family has 

What is eight credit cards 

300
How can you cut the amount of interest you pay on a loan?

Pay it off as fast as possible

300

 Closing old credit card accounts will boost your score.

False

300

Name three types of identity theft 

possible answers include 

  • Account Takeover Fraud.
  • Debit Card Fraud or Credit Card Fraud.
  • Driver's License Identity Theft.
  • Mail Identity Theft.
  • Online Shopping Fraud.
  • Social Security Number Identity Theft.
  • Senior Identity Theft and Scams.
  • Child Identity Theft.
300

Another name for a credit score 

What is a FICO score 

400

The minimum age to own a credit card 

What is 18 years old 

400

What is the average student loan debt?

$35,000

400

Paying off bad debt will erase it from your credit history.

False 

400

The best way to make make a make a strong password 

1.Start with a familiar phrase

2. Add special characters.                        3.Customize for each website 

400

The credit car company with the most credit cards in circulation 

What is Capital One (99 million credit cards)

500

The ideal percentage of credit used per month

What is 10 to 20 percent 

500

How much student loan debt is America in?

$1.6 trillion

500

Having multiple forms of debt generally helps your credit score.

True

500

what percent of people experience identify theft in the US

What is 33 percent 

500

The amount of credit card debt in the US 

What is $915 billion 

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