Credit and Debit

Credit Cards uses Borrowed Money.

• True

• False

What is a Debit Card?

• Debit Cards uses your "own" money

• Debit Cards uses borrowed money

_______ is when you use borrowed money to buy goods and services.

• Credit

• Debit

A _______ is a three-number rating that measures your credit from poor to excellent.

• Credit Score

• Debit Rate

A _______ is the amount your allowed to spend on your credit card.

• Debit Limit

• Credit Limit

_______ is a fee charged on the amount you spend on a credit card.

• Interest

• Costs

• Budget

Making only minimum payments can get rid of debt_______.

• Slowly

• Quickly

Having a high credit score will ______ your interest rate.

• Raise

• Lower

How to build a good credit score....

• Make payments on time and in full

• Spend what you can pay back

• Create a budget

• All of the above

690-719 Credit Score is.....

• Bad

• Fair

• Good

• Excellent