Lesson 7-2 Activity

1.) What is a credit score?

2.) What is the range of a credit score?

3.) List the five factors that effect credit scores?

4.) The ability to borrow money and pay it back later

• credit
• charge card
• collateral
• consumer loan
• credit card

5.) Property that can be used as security for a loan

• collateral
• charge card
• consumer loan
• credit
• credit card

6.) A credit account that allows you to charge items or services only at that store or with that merchant

• store account
• charge card
• collateral
• consumer loan
• credit

7.) The ability to receive services and pay for them later

• service credit
• charge card
• collateral
• consumer loan
• credit

8.) An account on which that account holder can charge repeatedly up to a maximum limit

• revolving credit
• charge card
• collateral
• consumer loan
• credit

9.) A form of credit car in which the cardholder must pay the balance in full by the due date

• charge card
• collateral
• consumer loan
• credit
• credit card

10.) A plastic car linked to a credit account that can be used for making purchases

• credit card
• charge card
• collateral
• consumer loan
• credit