Credit

What is Credit?

• Protection in case you get into an accident.

• Borrowing money with the understanding that you will pay it back later.

• A bank account.

In which option would you NEED to use a Credit Card?

• Buying something at the store.

• Paying back your friend.

• Buying someting on Amazon.com

What is the most important thing we have told you about using a credit card?

• Paying off the card each month

• Paying off the card each month

• Paying off teh card each month

What is NOT reason to use a credit card?

• Easier

• You can buy someting online.

• Cause you can't afford it.

What is one way Credit card companies reward cardholders?

• Airline miles

• Paying off your student loans.

• New Shoes.

What happens if you don't pay your credit card off each month.

• Nothing

• You get charged interest.

What is a Credit Score?

• A record of how much you spend on your credit card.

• A score that reflects your credit history.

• A song about Credit.

Which Credit Score is the best?

• 750

• 350

• 600

If you don't pay your bills or credit cards on time your credit score will go up.

• True

• False

• Niether

Which one of these companies is NOT a Credit Card Company?

• Visa

• Master Card

• Discover

• State Farm