credit

What is credit?

• a loan that does not need repaid

• street cred

• $ the borrower receives and agrees to pay back, with interest

• an interest only repayment plan

What is interest?

• money the bank doesn't pay you for keeping a savings account

• the cost of borrowing money

• money that is not repaid

• money that goes in a checking account

If you miss a credit card payment, the bank might raise your interest rate.

• false

• true

A (insert your answer) is safer to carry than (insert your answer).

• money clip; a credit card

• small wallet or purse; a credit card

• roll of dollar bills in a rubber band; a wallet

• credit card; cash

Some people (insert your answer) because credit is easily available.

• use bitcoin

• are on the naughty list with Santa

• use bank cards

• overspend

Your (insert answer) is a record of your financial transactions with credit card companies.

• driver's license

• report card

• credit history

Using a bank card or a (insert answer) means the $ is immediately withdrawn from your checking account.

• gift certificate

• gift card

• credit card

• debit card

Credit card purchases result in (insert answer) if the balances are not paid in full each month.

• higher wages

• more credit cards

• credit limit increases

• interest

A strong (insert answer) may make it easier to get a loan.

• youtube presence

• report card

• personal vocabulary

• credit history

An employer may look at your credit history before offering you a job.

• false

• true