Credit and Financial Literacy Worksheet

__________ is money that a business or lender allows a person to borrow, to be paid back later.

• Credit

• Loan

• Debt

• Advance

A good __________ allows you to borrow larger amounts of money and receive better loan terms.

• credit score

• credit card

• bank account

• savings plan

A lower __________ rate is one benefit of maintaining a strong credit history.

Landlords often check a person’s __________ report when selecting renters.

• credit

• rental

• employment

• criminal

Some __________ check credit reports to assess job candidates.

• employers

• teachers

• students

• doctors

Lenders evaluate your credit __________ to determine how likely you are to repay a loan.

• Risk

• history

• report

• rating

A __________ is a number that measures your risk of paying lenders back.

• credit score

• bank account

• loan amount

• interest rate

A FICO score is named after the __________ Isaac Corporation.

• Fair

• Good

• Excellent

• Poor

The total amount of money you currently owe is called your __________.

• debt

• income

• savings

• investment

Your payment __________, or how consistently you pay bills on time, affects your score.

• history

• method

• amount

• frequency