Understanding Credit
Flashcard
•
Other
•
11th - 12th Grade
•
Hard
Charles Koonce
FREE Resource
Student preview
17 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Taking out a loan builds credit history.
Back
True
2.
FLASHCARD QUESTION
Front
A car loan doesn't count on your credit report.
Back
False
3.
FLASHCARD QUESTION
Front
Credit score relates to credit history.
Back
True
4.
FLASHCARD QUESTION
Front
Credit score rarely changes.
Back
False
5.
FLASHCARD QUESTION
Front
More credit cards = better credit score?
Back
False
6.
FLASHCARD QUESTION
Front
Cancelling a credit card after paying off its balance affects your credit score.
Back
False
7.
FLASHCARD QUESTION
Front
Credit reporting agencies can have inaccuracies in their reports.
Back
True
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