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Q: What is credit?
A: Borrowing money to pay later.
Q: What is a credit card?
A: A card to borrow money from a bank to pay later.
Q: What is a loan?
A: Borrowed money that must be repaid with interest.
Q: What is a credit score?
A: A number showing how trustworthy you are with money.
Q: What is the tallest mountain in the world?
A: Mount Everest.
Q: Why is credit important?
A: It helps buy things now and build financial trust.
Q: What is a monthly statement?
A: A report of your spending and payment due.
Q: What is a personal loan?
A: Money borrowed for personal use.
Q: What is a good credit score range?
A: Usually 700 or higher.
Q: How many continents are there?
A: Seven
What is a credit report?
A: A record of your credit history.
Q: What happens if you pay late?
A: You may pay a late fee and your credit
Q: What is a mortgage?
A: A loan for buying a house.
Q: Name one factor that affects your credit score.
A: Payment history.
Q: What is the fastest land animal?
A: Cheetah.
Q:What is a secured credit?
A:Credit backed by collateral.
Q:What is APR?
A:Annual Percentage Rate, the yearly interest rate on a credit card.
Q:What is a student loan?
A:Money borrowed to pay for education.
Q:What is a FICO score?
A:A type of credit score used by lenders.
Q:What is the largest desert?
A:Sahara Desert.
Q:What is an unsecured credit?
A:Credit not backed by collateral.
Q:What is a cash advance?
A:Withdrawing cash using a credit card, usually with fees.
Q:What is a payday loan?
A:Short-term, high-interest loan until next paycheck.
Q:What is a hard inquiry?
A:When a lender checks your credit for loan approval.
Q:Which animal is known as the ship of the desert?
A:Camel.