Which of the following is not a factor in determining a FICO score? Getting a personal loan from a bank, Using credit cards, Taking out a mortgage on a house
Dave Ramsey - Chapter 4 Review "Debt"

Flashcard
•
Life Skills
•
11th - 12th Grade
•
Hard
Quizizz Content
FREE Resource
Student preview

30 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
Paying cash for all purchases
2.
FLASHCARD QUESTION
Front
Which of the following is not a good idea for getting out of debt?
Quit borrowing money
Get a part-time job or work overtime
Sell something
Borrow money from your parents to pay for the debt
Back
Borrow money from your parents to pay for the debt
3.
FLASHCARD QUESTION
Front
Which of the following things cannot be done with a debit card but can be done with a credit card? Go into debt, Rent a car, Purchase something online, Purchase an airline ticket
Back
Go into debt
4.
FLASHCARD QUESTION
Front
What factors affect a credit score?
Back
Type of debt, New Debt, Duration of Debt
5.
FLASHCARD QUESTION
Front
Which of the following statements is false?
Prior to the FCRA, consumers were unable to challenge errors in their credit reports.
Under FCRA, consumers are allowed to receive one free credit report every five years.
The U.S. Congress enacted the Fair Credit Reporting Act to address concerns over consumer credit report accuracy, privacy and fairness.
Under FCRA, creditors must notify consumers if they deny credit based on a credit report file, and they must also tell the consumer which of the three credit bureaus provided the report.
Back
Under FCRA, consumers are allowed to receive one free credit report every five years.
6.
FLASHCARD QUESTION
Front
Which of the following is not a recommended step in the Drive Free method of purchasing a car? Plan your purchase in advance using the sinking fund method of saving., Place your savings in a mutual fund so that your money can make more money., Start with an inexpensive car and gradually move up in car value as your savings increases., Explore new car dealerships for the best interest rate.
Back
Explore new car dealerships for the best interest rate.
7.
FLASHCARD QUESTION
Front
Which of the following is not recommended in the debt snowball method of getting out of debt? Options: List your debts in order from smallest to largest balance and focus on paying the smallest debt off first., Every extra dollar you get should be thrown at the largest debt first., Attack your debt with intensity., Every time you pay off a debt, you add its old minimum payment to your next debt payment.
Back
Every extra dollar you get should be thrown at the largest debt first.
Create a free account and access millions of resources
Similar Resources on Wayground
26 questions
Credit Flashcard

Flashcard
•
12th Grade
22 questions
Credit Vocabulary

Flashcard
•
9th - 12th Grade
25 questions
Ch 4 Credit (Summative) Flashcard

Flashcard
•
12th Grade - University
24 questions
Credit Cards

Flashcard
•
11th - 12th Grade
22 questions
P.F. Chapter 4 Review

Flashcard
•
11th Grade
23 questions
Types of Credit

Flashcard
•
9th - 12th Grade
23 questions
Managing Credit

Flashcard
•
9th - 12th Grade
25 questions
Managing Credit Test

Flashcard
•
11th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade