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Understanding Credit Scores and Fees

Authored by Stephen Loszewski

Life Skills

12th Grade

Used 4+ times

Understanding Credit Scores and Fees
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7 questions

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1.

MATCH QUESTION

1 min • 5 pts

Match the fee below to the correct description.

A fee for withdrawing cash.

Annual Fee

You spent more than your credit limit.

Late Payment Fee

Your purchase was cancelled.

Returned Payment Fee

Paid once a year for having the card.

Over-Limit Fee

You didn't pay your credit on time.

Cash Advance Fee

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the best credit score?

250

450

700

850

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the worst credit score?

250

450

700

850

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: All credit cards come with annual fees.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Experian, TransUnion, and Equifax are all examples of...

Identity Theft Servicers

Banks

Credit Cards

Credit Bureaus

6.

CATEGORIZE QUESTION

3 mins • 5 pts

Organize these items based on which ones do and DO NOT impact your credit score.

Groups:

(a) Does Impact

,

(b) Doesn't Impact

Education

Payment History

Credit Amounts Owed

New Credit Accounts

Tax Bracket

Income

Credit History

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following can be found on your Credit Report EXCEPT: [Select 1]

Current Accounts

Collections

Income

Address

Bankruptcies

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