Debt Assessment

Can you be financially successful without a credit score?

• Yes

• No

Who is the #1 Target of Credit Card Companies?

• People in their Teens

• People in their 20's

• People in their 30's

• People in their 40's

When you use plastic instead of cash, you spend how much more:

• 10-15% more

• 12-15% more

• 12-18% more

• 18-20% more

Do you need a credit card to rent a car, make an online purchase, or reserve a hotel?

• Yes

• No

Which one is NOT one of the Credit Bureaus?

• Equifax

• TransUnion

• Experian

• CreditOne

This is how much you have LEFT on a credit card that you can borrow.

• Outstanding balance
• Debt

• Credit utilization
• Available credit

This is how much you OWE on a Credit Card.

• Credit Amount

• Available Credit

• Balance

• Loan Amount

What is an example of Revolving Debt?

• Credit card
• Personal loan
• Student loan
• Mortgage

What is an example of Fixed Debt?

• Debit Card

• Home Equity Line of Credit

• Credit Card

• Car loan

There are two main types of debt: Fixed and __________.

• Revolving

• Recurrent

• Automatic

• Annual