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Worksheets

Credit

Total questions: 7

Worksheet time: 5mins

Name
Class
Date
1.

Why do credit card companies type their fees in small type.

a)

So it is easy to read

b)

So it easy to read their fees

c)

Because they do not want you to read their fees

2.

A Good rule to improve your credit score

a)

Pay your bills on time

b)

Go over your credit limit

c)

Pay your bills late

d)

Use credit when you don't need to

3.
What is credit?
a)
Money allocated to a specific account for future use by the consumer without borrowing
b)
Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date
c)
The ability and willingness of an individual to pay back a loan as perceived by the lender
d)
An individual’s character, capital, capacity, collateral and conditions
4.

When making payments on credit lin you should always pay...

a)

As much as you can

b)

The minimum amount

c)

under the set amount

5.

what are the top three rules to stack on track

a)

Pay as much as you can, Keep your borrowing below the maximum, Don't apply for several credit cards at one time.

b)

Don't take out too many credit cards or loans(the fewer the better), Make your payments on time, Pay as much as you can

c)

Don't apply for several credit cards at one time, Manage your credit wisely and you will improve your score, Pay Under the minimum amount

6.
Which one is a disadvantage of having a credit card?
a)
no cash needed
b)
build your history
c)
could ruin credit history
7.
Which of the following items can be found on a credit card statement?
a)
payments made and new charges
b)
fees and interest charged
c)
year to date totals and how long it will take you to pay it off w/minimum only
d)
all of these