Managing Credit

Managing Credit

Assessment

Flashcard

Life Skills

9th - 12th Grade

Practice Problem

Easy

Created by

Joseph Fagan

Used 2+ times

FREE Resource

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30 questions

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1.

FLASHCARD QUESTION

Front

A key factor influencing credit scores is: Recent inquiries, Monthly expenses, Martial status, Education level

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Back

Recent inquiries

2.

FLASHCARD QUESTION

Front

Which of the following is NOT part of a credit report?

  • Spending Habits
  • Loan Repayment
  • Credit Limit Utilization
  • Current Credit Inquiries

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Back

Spending Habits

3.

FLASHCARD QUESTION

Front

Failing to pay federal student loans may result in:

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Back

Tax refund garnishments

4.

FLASHCARD QUESTION

Front

A cosigner on a loan can help by:

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Back

Boosting approval odds

5.

FLASHCARD QUESTION

Front

What is TRUE about a credit report?

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Back

You can get a copy of your credit report for free.

6.

FLASHCARD QUESTION

Front

Which of the following does NOT contribute to your credit score?

  • Your payment history
  • Which banks issued your credit cards
  • Your debt-to-credit ratio
  • Length of credit history

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Back

Which banks issued your credit cards

7.

FLASHCARD QUESTION

Front

Establishing credit early can help with:

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Back

Getting better interest rates

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