Understanding Credit and Credit Scores

Front

A ___________________ is someone who signs for you to be able to get credit.

Back

cosigner

Front

Identify the 3 C's of credit.

Back

capital, capacity, character

Front

Which document is a record of a person's credit history?

Back

credit report

Front

What is a credit score?

Back

a measure of a person's creditworthiness

Front

The amount of credit you have left before you reach your credit limit is your?

Back

available credit

Front

What is important to consider when selecting a credit card? Options: credit terms, cost of credit, grace period, all of these

Back

all of these

Front

What is the final step in the credit decision making process? Choose the best option, Gather information, Define the decision to be made, Act on the decision

Back

Act on the decision

Front

Which type of credit agreement offers a choice of paying in full each month or making payments over a period of time?

Back

revolving credit

Front

Which document provides a summary of all of the activity on a credit card?

Back

credit card statement

Front

Capital is defined as

Back

the assets a person has at his or her disposal