Banking
Types of Credit
Managing Credit
Career
100

This type of account is connected to your debit card

What is a Checking Account?

100

The amount borrowed by someone for a loan

What is Principal?

100

A record of how you've managed loans and payments over time

What is a Credit Report?

100

Used to apply for jobs, this document outlines your skills and experience

What is a Resume?

200

A monthly fee that some banks charge to keep your account open

What is a Maintenance Fee?

200

An initial payment made when buying something expensive, such as a car or house

What is a Down Payment?

200

After becoming this type of user on her parent’s credit card, Clara was able to make purchases and build her credit under their credit line.

What is an Authorized User?

200

Some jobs offer this valuable retirement plan as a benefit

What is a 401K?

300

This federal insurance program protects the money you deposit in member banks up to $250,000 per depositor, per bank

What is FDIC?

300

The lowest amount you can pay on your monthly credit card bill to remain in good standing

What is Minimum Payment?

300

This payment method can help you build credit and requires a cash deposit

What is a Secured Credit Card?

300

A social media site for professional networking

What is LinkedIn?