1. credit utilization

Nick has a Visa with a $5000 limit and a balance of $600; a Lowe's credit card with a $1000 limit and a $250 balance; and a Discover card with a $2000 limit and a $200 balance. What is his credit utilization percentage? Round to the nearest percent.

Tags

CCSS.6.RP.A.3B

You have a gas credit card with a $500 limit and a balance of $165 and a Macy's credit card with a $200 limit and a $78 balance. What is your credit utilization percentage? Round to the nearest percent.

Tags

CCSS.6.RP.A.3C

What would be the credit utilization from the given table? Round to the nearest percent.

Tags

CCSS.6.RP.A.3B

What would be the credit utilization from the given table? Round to the nearest percent.

Tags

CCSS.6.RP.A.3B

Beth has Visa credit card with a $10,000 limit and a balance of $4,252; a Kohl's credit card with a $1,000 limit and a $367 balance; and a Master Card with a $6,000 limit and a balance of $100. What is her credit utilization percentage? Round to the nearest percent.

Tags

CCSS.6.RP.A.3B

People who use credit

• Credit

• Creditor

• Debtors

• Credit Score

Tags

CCSS.HSS.MD.B.5

Organizations or people who lend credit.

• Credit

• Creditor

• Debtors

• Credit Score

A fee you pay when borrowing money

• Credit

• Finance Charge

• Installment

• Credit Score

Tags

CCSS.5.NBT.A.2

Debt that is tied to a specific asset that can be used as collateral and repossessed for nonpayment

• Credit

• Finance Charge

• Installment

• Secure

• Revolving

An open line of credit used for any purchase as long as it’s under the limit.  Payment amounts vary monthly based on debt size.

• Credit

• Finance Charge

• Installment

• Secure

• Revolving