Financial Literacy -Credit Concerns

Whether it’s credit cards, student loans, or car loans, going into debt is always a _____ idea.

• Realistic

• Bad

• Good

• Acceptable

Save up and pay for things you want with _____ and say NO to debt.

• Credit

• Debt

• Cash

• Checks only

Debt is marketed to us just like any other product.

• True

• False

A person or company who loans money

• Bank teller

• Debt Collector

• Loan

• Lender

Credit is a fee that a bank, credit card company, or other lender charges so that you can purchase something and pay for it over time.

• True

• False

It cost money to take out loans and go into debt because you get charged interest.

• True

• False

How do you know if you can afford to buy something?

• If you can get a loan

• If you have a credit card

• If you have the cash

Debt eats up a lot of people’s money every month.

• True

• False

An obligation to pay back money that is owed

• Credit

• Debt

• Interest

• Debit

The granting of a loan; the creation of debt

• Interest

• Debt

• Credit

• Debit