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The C's of Credit

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The value of property you possess after deducting debt?

a)

Collateral

b)

Capital

c)

Creditor

d)

Credit

2.

Property pledged to assure repayment of a loan?

a)

Capital

b)

Closed-End Credit

c)

Capacity

d)

Collateral

3.

A responsible attitude toward honoring one's obligation?

a)

Character

b)

Credit Bureau

c)

Creditworthy

d)

Capacity

4.

Financial ability to repay a loan with present income?

a)

Character

b)

Capacity

c)

Conditions

d)

Credit Freeze

5.

External conditions that affect your ability to repay a debt?

a)

Collateral

b)

Capital

c)

Character

d)

Conditions

6.

A person who is a good credit risk?

a)

Credit Report

b)

Creditworthy

c)

Character

d)

Capactiy

7.

A business that gathers, stores, and sells credit information to other businesses?

a)

Credit Report

b)

Credit Freeze

c)

Credit Bureau

d)

Character

8.

The complete record of your borrowing and repayment performance.

a)

Credit Bureau

b)

Credit History

c)

Credit Report

d)

Credit Freeze

9.

A written statement about a consumer's credit history?

a)

Capacity

b)

Character

c)

Credit Report

d)

Credit History

10.

A letter grade based on a consumer's credit score that indicates his or her creditworthiness?

a)

Credit Score

b)

Capacity

c)

Credit Injury

d)

Credit Rating