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WorksheetsCredit (It's a fun topic)
Total questions: 11
Worksheet time: 14mins
What is Credit?
Buy and pay
Buy what you want, pay later
It's fun to do
Buy but never pay
What is a Finance Charge?
An optional charge
Something others pay for you
Interest charges and fees
Something banks hate
What can affect credit?
The amount of credit used
Your Annual Percentage Rate (APR)
Length of repayment time
Your parent's credit history
What are the advantages of credit?
What are the disadvantages of credit?
What is consumer credit?
Parent/Guardian credit
Sales credit
You only get it when you buy goods
Cash credit
Types of Credit Cards
Travel/Entertainment
Company/Retail
Fake
General Purpose
How can you build up credit?
What are credit ratings?
Overall Ratings
Reports
24
Scores
The Three C's of Credit
Character, Cooking, Capilizium
Character, Capacity, Capital
Credit, Collage, Cookies
Capstone, Containment, Captus
How do you maintain good credit?
Only use as much as you need, pay bills on time, keep records, Contact credit company if you can't pay, resolve billing errors promptly
Pay bills late, spend to much credit, throwaway reports, keep to yourself if you can't pay, don't resolve anything.
