WorksheetsCredit/Identity theft
Total questions: 28
Worksheet time: 48mins
An 2 example of credit
House
Loan
car
All of the above
What is creditworthiness?
(a)
Define the first C Capacity.
(a)
Define second C Capital
(a)
Define third C Character
(a)
Disadvantages of using credit?
(a)
Advantages of using credit.
(a)
Paying your credit card bill in full and on time
Postive
Negative
Applying for several credit cards at a time
Postive
Negative
Setting up payment reminders for your monthly due dates
Positive
Negative
Having a credit card balance that uses 90% of your credit limit on a credit card
Postive
Negative
Pulling your credit report once a year.
Positive
Negative
Declaring Bankruptcy.
Positve
Negative
does one’s credit history affect their potential interest rate on a loan or credit card?
(a)
What type of information is included on a credit report and what is NOT included
plain the effects on your total money spent when paying credit card debt with minimum payments (hint: think about interest/finance charges or the cost of credit
(a)
When comparing loans, what are some important things to consider (hint: think back to the cost of credit)?
(a)
List 4 tips someone should follow to prevent being a victim of identity theft
What steps should you take if you find incorrect information on your credit report or think your identity has been stolen?
Credit Score
Credit Limit
Minimum Payment
Penalty Interest Rate
Annual Pecentage Rate
Late Payment
Annual fee
Identity Theft
What is credit?
(a)
