Credit & Debit - Everfi Check In

Front

If you can't get your own credit card independently, what could you do? Options: Become an authorized user on your parents credit card, Get a parent to co-sign on your credit card application, Apply for a secured credit card, All of the above

Back

All of the above

Front

Which type of credit card is backed by a cash deposit from the cardholder and can build credit history?

Back

Secured Credit Card

Front

What is FALSE about a payday loan? Options: They can provide quick cash, Typically are long term loans, You should avoid pay day loans whenever possible

Back

The interest rates are really low

Front

Which is true about low credit scores?

Back

You will be offered a higher interest rates on loans.

Front

What is credit score range?

Back

300-850

Front

What is true about a shorter loan - for example 2 years v. 5 years?

Back

You will pay less in interest.

Front

How does a larger down payment effect your loan?

Back

It decreases what you want to borrow and decreases monthly payments.