Personal Financial Literacy

Which of the following is listed on your credit report?

• Traffic Violations
• Amount of cash in your bank account
• Hourly wage
• Full name, social security, date of birth, current address

If you have bad credit, it maybe ...

• harder to obtain a mortgage loan
• ok
• likely for you to get a better paying job
• easier to get a credit card

Tags

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.8.3

Is the type of car that you drive listed on your credit report?

• Yes
• No

Routinely paying my bills late could negatively affect my credit history.

• True
• False

Tags

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.8.3

If my credit card allows me to charge up to $1000, I should charge the maximum amount to build my credit history.

• True
• False

How can you improve your credit score?

• Make payments on time
• Reduce overall debt
• Limit your applications
• All of the above

What is credit?

• Free money
• Borrowed money
• Standard of living
• A term that causes tears

What is a credit score?

• A credit score is a three-digit numerical rating that reflects how likely you are to fail at paying your debts
• A five-digit numerical rating that reflects how likely you are to repay your debt. 
• A three-digit numerical rating that reflects how likely you are to repay your debt. 
• A credit score is a five-digit numerical rating that reflects how likely you are to fail at paying your debts

Which one of the following is not included on a credit report?

• Date of birth
• Current address
• Previous address
• Medical records

To build a positive credit history, I should pay cash for all purchases.

• True
• False

Tags

CCSS.RL.11-12.6