Being on a budget means:

• You pay bills every month at the due date

• You are earning enough money to be able to live well

• You made a plan of your expenses to be less than or equal to your income

• Your bills are generally paid by every due date

A plastic card linked to a bank account that can be used to deposit and withdraw money from a bank account and make purchases at stores is a:

• Credit Card

• Monthly Bank Statement

• Debit Card

• Driver's License

What is a credit card?

• A way to access money from a checking account

• A way to access money from a savings account

• A way to access free money

• A revolving line of credit, in order to purchase things now and pay later

If you pay only the amount owed on your credit card each month, but don't pay it off completely, what's that called?

• Making your minimum payment

• Paying your dues

• Paying your balance

• Making your interest-avoidance payment

At what age does your credit history begin?

• 16

• 17

• 18

• 21

What is NOT a credit reporting agency?

• The federal government

• TransUnion

• EquiFax

• Experian

What is considered an excellent credit score?

• 700 to 850

• 500 to 560

• 561 to 600

• 1000 to 1500

A person's credit report includes his or her:

• medical history and driving record

• history of loans and credit activities

• retirement and savings account balances

• cost of insurance premiums and amount of federal tax refunds

Your credit score is important because:

• It can affect your interest rate if you finance a car or home

• It can have an impact on whether you can finance major purchases

• It can determine whether you can get a credit card

• All of the above

• None of the above

When a person declares bankruptcy, it will appear on the person's credit report:

• for a 3 year period of time

• for a 10 year period of time

• until the person repays all debts owed

• until the person is able to receive a new credit card

• It will NOT show up on the person's credit report