Managing Credit, pts 1 & 2

Flashcard
•
Life Skills
•
9th - 12th Grade
•
Hard
Wayground Content
FREE Resource
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12 questions
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1.
FLASHCARD QUESTION
Front
A key factor influencing credit scores is: Recent inquiries, Monthly expenses, Martial status, Education level
Back
Recent inquiries
2.
FLASHCARD QUESTION
Front
All of the following are part of a credit report EXCEPT: Spending Habits, Loan Repayment, Credit Limit Utilization, Current Credit Inquiries
Back
Spending Habits
3.
FLASHCARD QUESTION
Front
A cosigner on a loan can help by:
Back
Boosting approval odds
4.
FLASHCARD QUESTION
Front
Which of the following is TRUE about a credit report?
Options:
It is a complete history of one type of credit you have
Credit reports are maintained by the 5 main credit bureaus
You can get a copy of your credit report for free
You can get a credit report only when you're 21 years old
Back
You can get a copy of your credit report for free
5.
FLASHCARD QUESTION
Front
Which of the following does NOT contribute to your credit score?
Your payment history,
Which banks issued your credit cards,
Your debt-to-credit ratio,
Length of credit history
Back
Which banks issued your credit cards
6.
FLASHCARD QUESTION
Front
Establishing credit early can help with: Quick loan approvals, Higher credit card limits, Avoiding yearly credit checks, Getting better interest rates
Back
Getting better interest rates
7.
FLASHCARD QUESTION
Front
Why might older individuals typically have higher credit scores?
Back
They have longer credit histories.
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