Life Management Review - Finances

Which one is not one of the C’s of credit

• Character

• Capacity

• Consumer

• Capital

• All are C’s of credit

Why is a good credit rating important to a consumer?

• More and more businesses are making the case that you must have good credit before they extend products or services to you

• Before you can buy a house, mortgage lenders want to know that you won’t default on your mortgage.

• Unless you have the cash to purchase a car, you’ll have to get a loan.

• Many employers conduct credit checks as part of the hiring process.

• All are reasons for good credit rating

What are some ways to establish a credit rating

• Get a secured credit card

• Get a secured loan

• Use a co-signer

• Be and authorized user

• All of these are ways to establish credit rating

Which one would NOT be a disadvantage of using credit cards

• Overspending and Debt

• Fraud

• Vague Approval Requirement

• Credit Building

Which one would NOT be an advantage of using credit cards

• Convenience

• Rewards

• Overspending and Debt

• Online Shopping

What should you do if you lose a credit card?

• Call your credit card issuer

• Call your best friend

• Call your employer

• Call 9-1-1

Things you can do to prevent lost or stolen credit cards

• Carry only the cards you need.

• Keep your credit card securely in your wallet or purse.

• Check your credit card statements as soon as they arrive.

• All are ways to prevent lost or stolen credit cards

Which would NOT be reasons people use checkbooks

• Paying People with No Bank Accounts.

• Better Record keeping.

• Allows Postponement of Withdrawals.

• Faster online shopping

Where would you write the amount in words

• 2

• 3

• 4

• 7

Where would you what the check is for.

• 2

• 3

• 4

• 7