Credit and Debt

What is debt?

• Money that is spent

• Money that is owed because of borrowing

• Money that you lend to others

Credit means you ________now and ________ it back later.

• Borrow, Pay

• Pay, Borrow

• Pay, Pay

Credit Card is a type of what?

• bond

• Loan

• savings

Types of credit include: Credit card, Installments, Mortgage and

• debit card

• rewards card

• Student Loans

What fee is associated with a car loan

• Annual Percentage Rate (APR)

• Introductory

• Emotional

Select all that is a form of Good Debt

• Mortgage

• Credit Card

• Student loan

• Macy's Credit card

What is the best way to manage credit and debt?

• use rewards

• spend now worry later

• Make big purchases

• set goals and budget

Having bad credit can affect what for a person?

Select all the main credit card types

• VISA

• Mastercard

• American Express

• Disney

What is a mortgage?

• Car loan

• business loan

• Home loan