TEKS.MATH.6.14D

The credit score ranges form 

• 300-800
• 250-950
• 350-900
• 300-850

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TEKS.MATH.6.14E

TEKS.MATH.6.14D

When I apply to borrow money for a car, the loan company will most likely look at my credit history.

• True
• False

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TEKS.MATH.6.14D

Mr. Scott wants to get a loan to buy a house. Why is a good credit report important to him?

• The real estate company will use it to decide whether or not to show him houses.

• The home owners will use it to decide if he can take care of the house property.

• The band will use it to decide whether or not to lend him money to buy the house.

• The county will use it to decided how much property tax to charge him.

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TEKS.MATH.6.14D

My credit history does not affect my chances for renting my first apartment.

• True

• False

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TEKS.MATH.6.14D

To build a positive credit history, I should pay cash for all purchases.

• True

• False

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TEKS.MATH.6.14D

Paying my bills late could negatively affect my credit history.

• True

• False

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TEKS.MATH.6.14D

Why is it important to establish positive credit history?

• Higher credit scores result in lower interest rates on loans

• You are more likely to be offered a loan by a bank

• Positive credit history results in higher credit scores

• All of the above

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TEKS.MATH.6.14D

Late payments can help create a high credit score

• True

• False

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TEKS.MATH.6.14D

Why is it important to establish positive credit history?

• Higher credit scores result in lower interest rates on loans

• You are more likely to be offered a loan by a bank

• Positive credit history results in higher credit scores

• All of the above

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TEKS.MATH.6.14D

What is important in establishing good credit?

• Making payments on time

• Being late on payments

• Spending 100% of your credit limit

• Missing a payment

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TEKS.MATH.6.14D