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WorksheetsCredit and Loans
Total questions: 15
Worksheet time: 8mins
When can you start building your credit?
18
21
16
As soon as you're born
What is a type of credit?
Installment
Mortgage
All answers
Revolving
What is the sum of money loaned or invested on which interest is paid?
Credit
Loan
Deposit
Principal
Which is not part of the "5 C's of Credit"
Character
Calculation
Capacity
Capital
Is 850 a good credit score?
Yes
No
What is the “finance charge” for the privilege of borrowing money, typically expressed in annual percentage rate?
Loan
Fee
Interest
Mortgage
Which of these does a credit score not include?
Previous payment behavior
Medical history
Amount and types of debt you owe
Inquires
Where can you not get credit?
ER
Car dealers
Pawn shops
Oil companies
What do revolving loans not do?
Pay back and credit limit available again
Charge up to the max credit limit
Establish max credit limit
Establish minimum credit limit
What makes up the highest precentage of a credit store?
Debt
Payment history
Length of history
New credit
Credit cards are free money
True
False
Having a loan or credit card is not a bad thing
False
True
What is a credit score?
Amount of debt you owe
Free money
Mathematical formula that analyzes your creditworthiness
Amount of money on your credit cards
What credit score is the banking industry standard
620 and above
850 and above
300 and below
0
Is checking your credit score free?
yes
no
