Credit One 2022

What is a mortgage?

• Loan for a home
• Loan for a car
• Loan for furniture
• Loan for an apartment

What is the difference between a credit card and a debt card?

• They are the same
• A Credit Card the money comes out of your account when you buy something
• A debit card lets you make payments on your purchases
• A credit card lets you make payments on your purchases

The bank said they will loan you the money to buy a home but they want you to put up $5,000. What is that $5,000 called?

• Payment
• Down Payment
• Credit
• Deposit

Mary has not made a car payment in 3 months. What could happen?

• Nothing
• The bank may reposes the car
• The company who sold them the car may reposes the car

Americans spend the second most on

• Housing
• Transportation
• Food
• clothing

Which is the most popularly used credit card?

• MasterCard
• American Express
• Discover Card
• Visa Card

Macy's card can be used

• Anywhere
• At Macy's Only
• At Macy's and other stores
• Can be used like a Vis

How should you pay your bills?

• You should pay them when have the money
• it is Okay to pay a bill late
• Always pay your bills on time
• Never pay your bills

What is a credit report?

• It is a report the shows how you pay your bills
• A report that has your credit cards on it
• A report that has a list of banks

When should you use credit?

• Use all the time
• Only use when you have to or for emergencies
• Use credit to buy things you don't really need.
• Use credit to pay bills