Credit management

Front

A credit report is a report showing a borrower's history of how well they paid their bills.

Back

True

Front

It would be best to have a high credit score

Back

True

Front

Capital refers to a person’s assets.

Back

True

Front

Monthly student loan payment
Options: Installment, Revolving, Single Payment, Collateral

Back

Installment

Front

The cost of borrowing money is referred to as

Back

Interest

Front

Benefits of credit cards include: safe and convenient, bonuses are offered, allows you to build a positive credit report, needed for reservations and online shopping.

Back

all of these

Front

Which one is considered a danger of using a credit card: no cash needed, leads to overspending, convenient, earns rewards?

Back

leads to overspending

Front

To build a good credit history, you should: open as much credit as possible quickly, use the maximum credit allowed on all your credit cards, pay on time and as much of your balance as possible, all of these

Back

pay on time and as much of your balance as possible

Front

Tony borrowed money from the bank to buy a new house. A year later he lost his job and has started to not be able to make his house payments. This problem is known as what?

Back

debt

Front

The money that was paid back to me on top of the loan is known as_________.

Back

interest