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WorksheetsCredit, Credit Cards, and Car Loans
Total questions: 20
Worksheet time: 5hrs 0mins
What is debt?
Another word for death
Something, typically money, that is owed or due
A loan on which you do not have to pay interest
That which is incurred during childhood and consummated in college
What is a credit score?
a number between 300 and 850 representing your creditworthiness
a statistical number that evaluates a consumer's creditworthiness and is based on credit history.
Often referred to as a FICO score
All of the above
What is a credit report?
A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness
A detailed report of a bank's credit history prepared by a credit expert and used by consumers in determining a bank's creditworthiness
A report which shows which credit cards are better than others
A report invented by Allan Greenspan and credited to Al Gore
Your credit score is not configured off of which of the following:
Payment history
Amount of money owed
Grades in School
Length of credit history
Paying my bills late could negatively affect my credit history.
True
False
a number assigned to a person that indicates to lenders their capacity to repay a loan.
Credit score
Credit report
Credit history
Credit bureau
What is the measure of the cost of credit; expressed as a yearly rate?
Annual Percentage Rate
Credit
FICO Scores
Revolving Credit
