Importance of credit

You are able to pay your taxes on credit.

• True

• False

Which of the following characteristics does a credit report mostly determine?

• Trustworthiness

• Friendliness

• Humility

• Goodness

Which of the following is something you should NOT do?

• Pay on time

• Reach your credit card limit

• Use the same name for different credit cards

• Rely on faithful payment history for a good credit score

Which of the following is NOT a benefit of having good credit?

• free insurance

• more options

• offers of low-interest rates

• saves you money

When establishing your credit, taking out a credit-builder loan is one of the methods mentioned in the PPT.

• True

• False

BONUS:

What was the name of the college student mentioned in the PPT?

• Michael

• Kevin

• Michaela

• Kayla

When borrowing money:

• go for low interest rates

• pay back when you have the time

• go for high interest rates

• let your parents take care of it

How many factors make up your credit score

• I don't know

• 4

• 6

• 5

Which of the following grants you the right to apply for a free credit report?

• If you were late on a payment

• If you just established your credit

• If you have been denied a loan or any type of credit

• If you recently switched credit card companies

Your credit report can range from 300 to 850 depending on the type of borrower you are.

• True

• False