First Semester Final Review

Front

Allows a person to buy goods and services now and pay for them later.

Back

credit

Front

The price paid for borrowing money over a period of time.

Back

interest

Front

Which is NOT a Credit Bureau? TransUnion, Experian, Equifax, CrediFed

Back

CrediFed

Front

Finance charge is:

Back

The amount owed for borrowing money

Front

Money you pay up front toward the purchase to reduce the loan amount

Back

Down payment

Front

How can you avoid paying interest on your credit card bill?

Back

pay off the full balance, on time, each month

Front

Type of loan used specifically for purchasing a home is a __________

Back

Mortgage

Front

A credit score of 800 is considered _____

Back

Excellent

Front

FICO Scores range from

Back

300 - 850

Front

What can happen if you have a low credit score?

Back

APR will be high.