Classroom - Second Half - FINAL - Financial Literacy

Front

A good debt-to-equity ratio is ____ % or less.

Back

30

Front

Hard pulls will be on your credit report for ____ years.

Back

2

Front

Bankruptcy will be on your credit report for ____ years.

Back

10

Front

Generally, the riskier you look to lenders, the ____ your interest rate will be.

Back

Higher

Front

Your payment history makes up ___ % of your credit score.

Back

35

Front

_____ % is considered a good debt to credit ratio.

Back

30

Front

Which of these accounts for about 15% of your credit score? Payment history, Debt-to-Credit Ratio, Length of Credit History, Frequency of new credit, Types of credit used

Back

Length of Credit History

Front

True or False. If you have bad credit, it is usually worth paying a company to quickly improve it

Back

False

Front

True or False. If you stop using a credit card, you should cancel it.

Back

False

Front

Which of these impact the amount you will pay for interest on a car loan: Your credit score, The length of the loan, Both of these, Neither of these

Back

Both of these