Credit Reports
Credit Cards
Scams
Loans
Housing
Random
100
What is a credit report?
The financial report card
100
What is interest?
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
100
What is Phishing?
scam emails and phone calls that are trying to get info from you.
100
Why do people file of bankruptcy?
loss of income, high medical expenses, an unaffordable mortgage, spending beyond their means, or lending money to loved ones
100
Advantages to Renting
rent payments are generally lower, mobility, credit requirements are less strict.
100
What's the third planet from the sun?
Earth
200
List some ways to improve your credit score.
pay things on time, don't take unnecessary loans.
200
Should you pay just the minimum balance or the whole balance every month?
Whole balance
200
I saw a post on social media asking me to donate to a relief fund for orphaned baby sloths in South America. The sloths are so cute and the organization soliciting charitable donations claims to be a charity, and that’s all I need to know.
SCAM!
200
What makes a good borrower?
trustworthy, pay bills on time, will pay it back.
200
Advantages to HomeOwnership
Building equity, value of the home will rise over time.
200
“Toto, I've a feeling we're not in Kansas anymore.”
300
List some ways to hurt your credit score.
Debt, Bills past due, applying for a lot of credit at onc, etc
300
What are some reasons to use a credit card?
Emergency, rewards, Safety, online shopping,
300
Ponzi/Pyramid Sceme
People trying to get you to invest in your their company or product with the sole purpose of getting you to buy in.
300
What is a down payment?
the cash that the buyer pays upfront in a real estate transaction and other large purchases.
300
About _______ of a person's monthly budget is their housing
30%
300
She' thinks my tractors sexy
Kenny Chesney
400
What is the range of credit scores?
300-850
400
What scenarios should you not use a credit card?
If you have the money, debt, already behind on bills, high interest rate
400
Tips for spotting a scammer
Funny email, ask for info, contacted out of the blue, asked to act quickly
400
What is a cosigner?
someone that signs a loan for you that will take the balance of the loan if you don't make your payments.
400
Landlord
a person who rents land, a building, or an apartment to a tenant.
400
What was the very first game that Mario every appeared in? (Hint it wasn't a Mario game)
Donkey Kong (1981)
500
What is one of three main credit bureaus?
Equifax, Experian, and Transunion
500
What are the 5cs of Credit
Character
Capacity
Capital
Collateral
Conditions
500
You get a text message that says your bank debit card has been deactivated. The message tells you to reply to resolve the problem.
Call the bank most likely a scam
500
What are some extra costs that will add to the price of a car?
Licensing, registration, sales tax, etc.
500
Lease
a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment.
500
Michael Jordan won how many NBA titles with the Chicago Bulls?
6 Rings