PF Flashcard 11  --  Managing Credit

PF Flashcard 11 -- Managing Credit

Assessment

Flashcard

Life Skills

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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21 questions

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1.

FLASHCARD QUESTION

Front

A key factor influencing credit scores is: Recent credit applications, Monthly expenses, Martial status, Education level

Back

Recent credit applications

2.

FLASHCARD QUESTION

Front

All of the following are part of a credit report EXCEPT: Spending Habits, Loan Repayment, Credit Limit Utilization, Current Credit Inquiries

Back

Spending Habits

3.

FLASHCARD QUESTION

Front

Failing to pay federal student loans may result in: Reduced student loan interest, Higher credit score, Tax refund garnishments, Having your degree taken away

Back

Tax refund garnishments

4.

FLASHCARD QUESTION

Front

In the event that a loan is not being paid back on the agreed terms, co-signer can be held responsible for . . .

Back

the entire balance of the loan

5.

FLASHCARD QUESTION

Front

Which of the following is TRUE about a credit report? It is a complete history of one type of credit you have , Credit reports are maintained by the 5 IRS , You can get a copy of your credit report for free , You can get a credit report only when you're 21 years old

Back

You can get a copy of your credit report for free

6.

FLASHCARD QUESTION

Front

Which of the following does NOT contribute to your credit score?
Your payment history,
Your debt-to-credit ratio,
Length of credit history

Back

Which banks issued your credit cards

7.

FLASHCARD QUESTION

Front

Establishing credit early can help with: Quick loan approvals, Higher credit card limits, Avoiding yearly credit checks, Getting better interest rates

Back

Getting better interest rates

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