FINE PRINT: Credit Report
Flashcard
•
Financial Education
•
12th Grade
•
Practice Problem
•
Easy
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10 questions
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1.
FLASHCARD QUESTION
Front
This is the credit report for how many people?
Back
1
2.
FLASHCARD QUESTION
Front
How long of a mortgage did Lillie take out?
Back
30 years
3.
FLASHCARD QUESTION
Front
Which statement about Lillie’s mortgage is FALSE? She currently owes $360,595, She started paying this mortgage in November 2012, She makes more than the monthly minimum payment, She is on-time with all of her payments
Back
She currently owes $360,595
4.
FLASHCARD QUESTION
Front
What accounts does Lillie T. Lane have open at this time?
Back
One mortgage and one credit card
5.
FLASHCARD QUESTION
Front
What is the credit limit on Lillie’s First USA Bank credit card?
Back
$8,850
6.
FLASHCARD QUESTION
Front
What was the highest balance Lillie had on her credit card?
Back
$2,695
7.
FLASHCARD QUESTION
Front
Which statement is true about Lillie’s past due account(s)? Options: She’s 30 days overdue, by $50, on 1 account; She’s 30 days overdue, by $50, on 1 account AND she’s 60 days overdue, by $50, on a second account; She’s 60 days overdue, by $50, on 1 account; She’s 90 days overdue, by $50, on 1 account
Back
She’s 60 days overdue, by $50, on 1 account
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