Credit score

Your ability to borrow is based on the lender's belief that you will __________________. 

• repay your debt
• make more money
• extend your loan
• apply for another loan

Tags

CCSS.RI.6.2

CCSS.RL.5.2

CCSS.RL.6.1

CCSS.RL.6.2

CCSS.RL.7.1

How can you establish a positive credit history?

• Paying your bills on time

• Buying stuff with cash only

• Paying less than the minimum payment

• Maxing out your credit card

Select two reasons explaining why it’s important to request your 3 credit reports and review them regularly.

• To see if you should apply for a new credit card

• To see if there is someone else using credit under your name (identity theft)

• To check your credit score

• To see if there are any errors

Which of the following people/companies DO NOT have reason to access your credit report?

• Credit Card companies

• Employers

• Your ex boyfriend/girlfriend

• Landlords

• Government agencies and courts

Is having no credit a good thing?

• yes
• no

Which of these are not a way to begin your credit?

• Opening "bills"
• taking out a loan
• Getting a credit card
• Paying for everything with cash

How do you get credit inquiries on your credit report?

• A lender ask for a copy of your credit report
• You ask for your credit report
• You ask for your credit report for a lender
• All of these

If someone has a score of 500, how is their credit?

• Excellent
• Great
• Good
• Very Poor

All of the following may access your credit report EXCEPT...

• A landlord

• A future employer

• Colleges and universities

• Insurance companies Insurance companies

Your mom buys groceries and pays with a card. She also gets $30 in cash from her checking account at the bank at the same time. 

• Debit card
• Credit Card

Tags

CCSS.7.NS.A.1A