WISE Credit Questions Munn

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

What should you NOT use a loan to purchase? A house, Tuition for higher education, Airline tickets to your dream vacation, A car

Back

Airline tickets to your dream vacation

Front

Which item is important to consider when selecting a credit card?

Back

Both APR and fees

Front

Which of these items is NOT important to consider when selecting a credit card? Annual Percentage Rate (APR), The look of the credit card, Credit limit, Penalties and Fees

Back

The look of the credit card

Front

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

Back

Choosing a credit card

Front

To maintain a good credit score you must ____.

Back

manage your debt wisely.

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

Utilizing a specialty locking or monitoring service.