WorksheetsBasic Credit Card Review
Total questions: 15
Worksheet time: 11mins
Savings Account
using the visa card
Credit cards eliminate the need for any savings
You can take advantage of rewards offered by credit cards
Credit cards can be cancelled if lost or stolen
Which is NOT one of the three credit reporting agencies?
Equifax
Vanguard
Experian
TransUnion
A consumer will develop a positive credit history if they:
Maintain reasonable amounts of unused credit
Pay phone and utility bills on time
Avoid opening too many new accounts
All of the above
500
Which of the following is not one of the 3 C's of credit?
Capacity
Interest is always paid on a credit card
What is the type of loan used to purchase a home?
Revolving Loan
Mortgage
Small Bsuiness Loan
Student Loan
A credit score determines your creditworthiness to lenders.
True
False
The maximum amount you are allowed to carry as a balance on the card
interest
ARP
credit limit
all of these
