Understanding Credit Scores

Front

What is a credit score?

Back

A number used by lenders to represent the risk you are to them

Front

What is an annual fee in the context of credit cards?

Back

A fee you must pay to have the card, even if you don’t use it

Front

What is meant by 'Shared Responsibility'?

Back

When two or more people each agree to bear a portion of an obligation

Front

Which of the following is a consideration regarding the environment? Clean, Messy, Somewhere in the middle, All of the above

Back

All of the above

Front

What is a security deposit?

Back

A refundable amount paid to cover damages.

Front

What is one way to divide financial responsibility among roommates?

Back

Each person pays their share individually

Front

Which of the following is a right of a tenant if the landlord doesn’t make repairs in a reasonable amount of time? Withholding rent without any conditions, Withholding rent following specific rules, Paying extra rent, Moving out immediately.

Back

Withholding rent following specific rules

Front

Which of the following is a responsibility of a tenant? A) Paying rent on time, B) Making major alterations without notice, C) Ignoring repair needs, D) Leaving without notice.

Back

Paying rent on time

Front

When does the lease take effect?

Back

Beginning date

Front

What happens if you move out and break the lease?

Back

Penalty applies