Credit Card Payments Quiz

All of these are true about late credit card payments, EXCEPT...

• They can drop your credit score by as much as 100 points

• They are an extremely rare occurrence among American credit cardholders

• They can stay on your credit report for up to 7 years

• They are the largest factor in your overall credit score

What is the highest FICO credit score you can obtain?

• 100

• 650

• 850

• 1000

If a potential lender checks your credit score and finds out it is above 750, which is the most likely outcome?

• You will be denied the loan

• You will receive a loan with a low interest rate

• You will receive a loan with a high interest rate

• You will receive a loan with a low principal

Which of the following people is likely to have the LOWEST auto insurance premium?

• Mili: 25-year-old with an expensive car and no tickets

• Celine: 26-year-old with a cheap car and no tickets

• Jared: 27-year-old with a cheap car and 1 texting-while-driving ticket

• Theo: 32-year-old with an expensive car and 2 speeding tickets in the last year

Elijah has car insurance that includes collision coverage with a deductible of $1,500 and a coverage limit of $25,000. After having an accident, he files a valid claim for car repair costs totaling $5,750. Who pays?

• Elijah pays $0; the insurance pays $5,750

• Elijah pays $1,500; the insurance pays $4,250

• Elijah pays $4,250; the insurance pays $1,500

• Elijah pays $5,750; the insurance pays $0

Tags

CCSS.7.RP.A.3

Which of the following factors will impact your monthly auto insurance premium?

• Your age

• The number of miles you drive per year

• The number of speeding tickets you've had in the past

• All of the above

Scott has a car insurance policy with a $50,000 liability coverage limit. What does that mean?

• The insurance company will cover 100% of expenses after Scott pays $50,000 out of pocket.

• The insurance company will pay a maximum of $50,000 on a claim.

• Scott's insurance is only valid while driving a vehicle with a retail price below $50,000.

• Scott's insurance does not cover the cost of repairing your car if it was damaged by a fire.

Which type of coverage would help cover the cost of repairing your car if it was damaged by a fire?

• Comprehensive Coverage

• Liability Coverage

• No Fault Insurance

• Personal Injury Protection

Which type of coverage pays for the damage you cause in an accident when you are at fault?

• Comprehensive coverage

• Liability coverage

• No fault insurance

• Personal injury protection

Which type of coverage protects against the risk of being hit by an uninsured or underinsured motorist?

• Comprehensive coverage

• Liability coverage

• No fault insurance

• Uninsured or Underinsured Motorist