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WorksheetsCredit 101
Total questions: 10
Worksheet time: 5mins
______ is your ability to borrow money or purchase services or goods based an agreement to pay back on specific terms.
Debit
Credit
Sale
Economics
What types of credits can you get?
Revolving Credit, Installment Loan, Open Credit
Revolving Debit, Insurance, Charge Card
Mortgage, Debit Card, Insurance
Health Card, Disney, Open CRedit
This is a record of how someone manage his/her credit, prepared by what's known as Credit Bureaus.
Credit Score
ATM Receipt
Credit Rating
Credit Report
Who are the 3 main players in creating Credit Report?
Innovis, Erithium, Lexington
Experian, Innovis, Express
TransUnion, Experian, Equifax
Express, Innovis, Experian
Who creates Credit Reports?
Creditor
Credit Bureau
Bank of America
Clearing House
_________ is a 3-digit number that basically determines a borrower's ability to pay back a debt.
Credit Score
Credit Rating
Credit Report
Credit Balance
A bad Credit Score is ________?
720-850
630-689
690-719
300-629
An excellent Credit Score is ________?
300-629
720-850
630-689
690-719
A good Credit Score is ________?
720-850
630-689
690-719
300-629
These are items that could affect a borrower's credit rating or score that has a negative mark or decrease in the borrower's credit score.
False Positive
Negative Items
Positive Items
Bad Items
