EverFi: Credit and Debt

Front

Using a loan could help with the purchase of which of the following? A new television, A dream wedding, A house, Airline tickets to your dream vacation

Back

A house

Front

When are loans a good option to use?

Back

When paying for higher education

Front

Annual Percentage Rate (APR), credit limit, and penalties and fees are important to consider when ____.

Back

Choosing a credit card

Front

What will happen to your credit score if you do not manage your debt wisely?

Back

Your credit score will go down

Front

Not managing your debt wisely can result in ________.

Back

A decrease in your credit score

Front

Recommended methods to protect yourself from identity theft and fraud include ________.

Back

Placing a credit freeze with the credit bureaus.

Front

Which of the following will help you protect yourself from identity theft and fraud? Regularly monitor your credit report. Contact lenders and credit bureaus to address incorrect information. Freeze your credit. All of the above

Back

All of the above

Front

Which of the following is NOT a recommended method to protect you from identity theft? Expensive specialty locking or monitoring service, Place a credit freeze with the credit bureaus, Regularly monitoring your credit report, Contacting lenders and credit bureaus to report inaccurate information.

Back

Expensive specialty locking or monitoring service.

Front

Which is a positive reason for using a credit card to finance purchases?

Back

Paying it off on time can help build your credit history.

Front

Which is NOT a positive reason for using a credit card to finance purchases? Options: Paying it off on time can help build your credit history. You can get rewards and discounts. You can buy something you need now and pay for it after pay day.

Back

You can buy something you need now and pay for it after pay day.