
Unit 6: Credit and Loans
Authored by Shea Driggers
Other
9th - 12th Grade
Used 31+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following credit scores is a normal credit score?
400
500
650
775
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is defaulting?
Failing to pay debts
Opening too many credit accounts
Getting a low credit score
Building a credit history
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a part of applying for a loan?
Verifying your income
Negotiating an interest rate
Signing up for a credit card
Completing a means exam
4.
OPEN ENDED QUESTION
3 mins • Ungraded
Name at least one of the steps in establishing credit.
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5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not part of the process of establishing credit?
Opening a bank account
Getting a credit card
Taking out a loan
Using a credit card regularly
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a credit counselor do?
Co-signs a loan with you
Helps you make a plan to resolve financial issues
Convinces your creditors to reduce your debt
Collects debts
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is collateral?
A finance charge
A specific type of home loan
An asset or group of assets that are linked to a loan
A down payment
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