Credit!

What is a credit score?

• What lenders use to see if you are able to pay back credit
• 3 numbers
• What your score on a test is that was worth credit

What is your job as a borrower?

• To pay back your loans promptly
• To borrow as much as humanly possible
• Spend your loans and not pay them back

Which of the following is an ADVANTAGE of credit?

• No need for carrying cash
• Annual Fees
• Interest Rates

What type of credit is a credit card?

• Single-Payment
• Installment Credit
• Revolving Credit

What does APR mean?

• Average Person Ratio
• Annual Percentage Rate
• Always Poke Robots
• Apples Peas & Rice

What is a credit card?

• The ace of diamonds

• A large plastic card designed to ruin consumer's finances

• A small plastic card issued by the government attached to a line of credit

• A small plastic card issued by a bank and attached to a line of credit

privilege of using someone else's money for a period of time is ?

• budget accounts
• credit
• finance charge
• installments

a person's reputation for paying bills on time is known as?

• creditor
• credit rating
• cosigner
• banker

A maximum amount of money may be owed at one time is ?

• credit limit
• credit cards
• credit loan
• trade credit

The cost of borrowing money is referred to as 

• Interest 
• Annual Percentage Rate 
• Credit 
• Credit Line