What is required to get a loan?

• Good credit

• High income

• Low expenses

• No debt

How does a lender make money from a loan?

• By charging a finance charge

• By offering discounts

• By providing free services

• By reducing interest rates

Which credit health category has an estimated APR of more than 25%?

• Excellent

• Good

• Poor

• Bad

What does 'Capacity' in credit score assessment evaluate?

• Your savings

• Your income vs. debt

• Your education

• Your employment status

Which factor is NOT directly assessed in a credit score?

• Character

• Capacity

• Capital

• Age

What might a lender do if you fail to pay a loan?

• Increase your credit score

• Take something you own

• Offer a new loan

• Reduce your interest rate

What does a cosigner allow you to do?

• Pay the loan for you

• Use their credit

• Increase your loan amount

• Decrease your interest rate

Which FICO® Score range is considered "Exceptional"?

• 800-850

• 740-799

• 670-739

• 580-669

Which FICO® Score range is considered "Very Good"?

• 740-799

• 800-850

• 670-739

• 580-669

What is a financial consideration before making a purchase with a credit card?

• Can I save up for it or do I need it now?

• Is it a limited edition?

• Is it a luxury item?

• Is it a gift?