Credit

Front

Which of the following affects your credit score? Options: making payments on time, making payments late or missing a payment, having several credit cards and 2 are maxed out, all of the above will impact my credit score

Back

all of the above will impact my credit score

Front

What is the highest FICO credit score a person can receive?

Back

850

Front

When you go to select financing for a loan, you will be looking at: Length of Loan, Interest Rate, Amount of Monthly Payments, All of These

Back

All of These

Front

When calculating one’s credit score, ______________ is the largest percentage category of how an individual’s score is calculated: Payment History, Credit History and Length, Outstanding Debt, Pursuit of New Credit

Back

Payment History

Front

In addition to his home, Juan’s boat, Ford Explorer, and his extensive baseball card collection would be viewed as _____________, property pledge as repayment of a loan, by the bank if we were to default on his new mortgage loan that he received:

Back

Collateral

Front

Which of the following is NOT a credit reporting agency: Experian, Equifax, Transunion, Expedia?

Back

Expedia

Front

All of the following are good reasons Arianna could use a credit card except: Purchasing furniture for her house, Establishing a good credit rating, It helps her save money by offering her a discount at a store she regularly shops at.

Back

Overspending at Macy’s

Front

Which of the following actions would NOT cause you to be charged a fee? Cash Advance, Balance Transfers, Foreign Transactions

Back

On Time Payment

Front

A sign of debt problems is only being able to make the minimum monthly payments on bills.

Back

True

Front

High credit scores will cost individuals more money long-term. True or False?

Back

False