Credit and Debit

Credit or Debit:

A small plastic card with a specific account number

• Credit

• Debit

• Both

Credit or Debit:

This card is linked to a checking account

• Credit

• Debit

• Both

Credit or Debit:

Purchases are subject to interest charges if the balance is not paid in full.

• Credit

• Debit

• Both

What is a "credit score"?

• How much money you need to buy something.

• How much it costs to get a credit card.

• A number you get once you become an adult.

• How likely you are to pay back a loan on time.

The highest FICO score possible is:

• 20,000

• 1600

• 1000

• 850

"Credit Piggybacking" as a way to increase your Credit Score means:

• Steal someone's identity and use their credit cards

• Become an "authorized user" on someone's account

• Open up many different types of credit

• Use a credit card to pay off another credit card.

Your credit score is NOT based off of which of the following:

• Payment history

• Amount owed

• Where you live

• Length of credit history

Does getting married change your credit scores?

• Yes

• No