Personal Finance Credit Quiz

What is the total amount of money that a person owes?

• Credit Limit

• Debt

• Principal

• Interest Rate

What is the outstanding amount of money that is owed on a credit card bill?

• Balance

• Debt

• APR

• Credit Score

Which report shows every credit card ever taken out and a report on a person's creditworthiness?

• Debit Card

• Mortgage

• FICO Score

• Credit Report

What is a summary of a person's borrowing and repayment history?

• Credit History

• Interest/Finance Rate

• Cosigner

• Down Payment

What is a snapshot of credit history to assess creditworthiness and the likelihood of paying bills and managing credit?

• Debtor

• Credit Score

• Credit Card

• Universal Default

What is a credit rating developed by Fair Isaac & Company, widely used by lenders and employers?

• Bankruptcy

• FICO Score

• Installment Loan

• Identity Theft

What is the money paid upfront toward a purchase to reduce the loan amount?

• Credit Limit

• Balance Transfer

• Down Payment

• Credit Report

What is a loan with an equal number of payments of the same amount over a fixed period of time?

• Interest Rate

• Installment Loan

• Credit History

• Debit Card

Who agrees to repay the debt if the borrower doesn't pay?

• Creditor

• Debtor

• Cosigner

• Credit Card

What is the max amount you can charge or borrow on a credit card?

• Balance

• Credit Limit

• Credit Report

• Principal