Credit Quiz

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1

Which of the following affects your credit score?

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1

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

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1

Credit Card A: has an introductory rate of 1.8%; After 6 months the APR jumps to 12% Credit Card B: has an introductory rate of 0%; After 9 months the APR jumps to 26% Credit Card C: has an introductory rate of 0%; After 3 months the APR jumps to 19% * You are applying for a credit card to use for your month-long trip to China. You have budgeted $1000 for the trip. You have looked at your budget and you are confident that you will be able to pay off your credit card for the trip in 4 months. What credit card offer is best for this particular purpose?

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1

When you go to select financing for a loan, you will be looking at:

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1

When calculating one’s credit score, ______________ is the largest percentage category of how an individual’s score is calculated:

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1

In addition to her home, Julie's camper, Ford Focus, and designer purse 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:

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1

Which of the following information can you find in a Schumer Box? (Check all that apply)

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1

Which of the following information can you find on your credit card statement? (Check all that apply)

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1

All of the following are good reasons Alyssa could use a credit card except:

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1

If you only make the minimum payment on your credit card it will _____________. (Select all that apply)

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1

An Installment Loan is: (Check all that apply)

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1

Which of the following does NOT impact your credit score? (Check all that apply)

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1

Which of the following actions would NOT cause you to be charged a fee? (Select all that apply)

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4

Match the following

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4

Match the following

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4

Match the types of credit to their definitions

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1

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

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1

A high debt to credit ratio will negatively impact your credit score

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1

When selecting a credit card, you should always choose a card with the lowest introductory rate.

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2

Lilly has a platinum credit card with her bank. She goes to Greece for vacation and spends $400. If Lilly pays the balance in full, how much interest will she owe?

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2

List 2 factors you should consider when applying for a credit card.

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2

Credit Quiz

Which of the following affects your credit score?

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

When you go to select financing for a loan, you will be looking at:

When calculating one’s credit score, ______________ is the largest percentage category of how an individual’s score is calculated:

In addition to her home, Julie's camper, Ford Focus, and designer purse 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:

Which of the following information can you find in a Schumer Box? (Check all that apply)

Which of the following information can you find on your credit card statement? (Check all that apply)

All of the following are good reasons Alyssa could use a credit card except:

If you only make the minimum payment on your credit card it will _____________. (Select all that apply)

An Installment Loan is: (Check all that apply)

Which of the following does NOT impact your credit score? (Check all that apply)

Which of the following actions would NOT cause you to be charged a fee? (Select all that apply)

Match the following

Match the following

Match the types of credit to their definitions

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

A high debt to credit ratio will negatively impact your credit score

When selecting a credit card, you should always choose a card with the lowest introductory rate.

Lilly has a platinum credit card with her bank. She goes to Greece for vacation and spends $400. If Lilly pays the balance in full, how much interest will she owe?

List 2 factors you should consider when applying for a credit card.

Why would a creditor trust someone with a long credit history vs someone who has never borrowed before?

Which of the following affects your credit score?

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

When you go to select financing for a loan, you will be looking at:

When calculating one’s credit score, ______________ is the largest percentage category of how an individual’s score is calculated:

In addition to her home, Julie's camper, Ford Focus, and designer purse 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:

Which of the following information can you find in a Schumer Box? (Check all that apply)

Which of the following information can you find on your credit card statement? (Check all that apply)

All of the following are good reasons Alyssa could use a credit card except:

If you only make the minimum payment on your credit card it will _____________. (Select all that apply)

An Installment Loan is: (Check all that apply)

Which of the following does NOT impact your credit score? (Check all that apply)

Which of the following actions would NOT cause you to be charged a fee? (Select all that apply)

Match the following

Match the following

Match the types of credit to their definitions

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

A high debt to credit ratio will negatively impact your credit score

When selecting a credit card, you should always choose a card with the lowest introductory rate.

Lilly has a platinum credit card with her bank. She goes to Greece for vacation and spends $400. If Lilly pays the balance in full, how much interest will she owe?

List 2 factors you should consider when applying for a credit card.

Why would a creditor trust someone with a long credit history vs someone who has never borrowed before?