Wise Credit

In order to rent a place, a landlord may request

• that you own a car

• references and/or a credit check

• medical history

• All of the above

A public record of how you've managed your credit and debt in your past, including credit cards, loans and other leases.

• Credit History

• Credit Reprort

• Credit Score

• Credit Limit

A credit union:

• requires membership, but in other respects, is like a bank.

• never has interest rates as good as a bank.

• can't offer savings accounts.

• is only open to college students.

What is a credit score?

• A numerical representation of your creditworthiness

• A detailed report of your credit history

• A list of all your financial transactions

• A summary of your monthly expenses

Which of the following is a benefit of having a good credit score?

• Higher interest rates on loans

• Easier approval for credit cards

• Increased monthly expenses

• Limited access to financial products

What is the primary purpose of a credit report?

• To track your spending habits

• To provide a history of your credit activity

• To calculate your monthly budget

• To list your current assets

Which of the following is NOT included in a credit report?

• Credit card balances

• Loan payment history

• Medical records

• Public records related to credit

What is the role of a credit bureau?

• To issue credit cards

• To collect and maintain credit information

• To provide loans to individuals

• To manage personal bank accounts

Which of the following can negatively impact your credit score?

• Paying bills on time

• Having a high credit card balance

• Maintaining a low credit utilization ratio

• Regularly checking your credit report

What is a secured credit card?

• A card that requires a security deposit

• A card with no spending limit

• A card that offers travel rewards

• A card with a fixed interest rate