Quick understanding

You should check the _____________ BEFORE you get the card.

• Rates
• Colors
• Benefits
• Plan

If you pay at the right time, these are avoidable on credit cards.

• Fees
• Mailings
• Benefits
• Drafts

The best credit cards can only be obtained after you have done what?

• Established a good credit history.
• Just started and do not have any bad marks.
• After you have missed some payments.

You can and should pay ___________ than the minimum on credit cards.

• More
• Less
• Just
• Monkeys

Paying your bill late comes at a what?

• Very high price.
• Tough time.
• Low Cost

If you max out your cards or get close to your credit limit what effect does it have on your score?

• It lowers your score
• It raises your score
• It does nothing to your score

What happens it you are rejected for credit?

• The creditor will tell you why.
• Nothing. You never know why.
• You can be arrested for fraud.

What are the 3 C's of Credit?

• Capacity / Character / Collateral
• Capacity / Commerce / Collateral
• Capacity / Character / Commerce

What do creditors look for when looking at your character?

• Good Credit History and Personal History
• Good Credit History
• Good Personal History
• Good Income