stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy- Credit and You Flashcards | StudBud
Explore
/
Financial Literacy- Credit and You
Financial Literacy- Credit and You
23 terms
·
StudBud Administration
·
19 plays
Imported from external platform
Flashcards
23 cards
F
Practice quiz
P
Host live
L
Questions
23
Answers
1
Payment history is ________ percent of your credit score.
35
50
30
45
2
If you need money coaching sessions, you can make an appointment through HANDSHAKE.
False
True
3
The amount of credit you use should be no more than 20%.
True
False
4
Who is our aMAYSing financial literacy coach here at the Mays Center?
Karen Ivy
Cheyenne Hayes
Eli McCullen
Victor Gomez
5
THE INFORMATION FROM CREDIT REPORTS HELPS DETERMINE THE CREDIT SCORE.
False
True
6
_________________ should be 10% of your credit scoring.
None of the above
Recent credit applications
Credit card usage
Credit history
7
Your credit score ONLY determines your interest rate.
False
True
8
Additional resources in the
Mays Center are...
Civic Engagement
Career Services
All of the above
Experiential Learning
9
A credit score is a four-digit number that tells lenders how likely you are to repay loans.
False
True
10
Which of the following would be considered a bad credit rating?
690-710
500-629
630-689
720-850
11
800-850 is an example of...
A poor credit score
A fair credit score
A good credit score
An excellent credit score
12
Which of the following is an example of a credit account?
all of the above
car loan
mortage
credit card
13
"The Big Three" Agencies are...
Equifax, Transunion, and Experian
Equifax, Transunion, and Credit Human
None of the Above
Transunion, Security Credit, Equifax
14
690-719 is considered an excellent credit score.
False
True
15
The following are true about a credit report except...
A credit score is just a number
A credit report is not valid until you are 21 years old.
A credit report helps determine the credit score
A credit report is a comprehensive list of credit lines and payment history
16
TRANSUNION, EQUIFAX, AND EXPERIAN are called the...
The Trinity
The Big Three
The Tribunal
The Triad
17
THE CREDIT SCORE IS MADE UP OF INFORMATION THAT COMES FROM YOUR CREDIT REPORT.
True
False
18
Foreclosure, bankruptcy, loans outstanding, and payment history are information found on your...
Loan application
Credit card statement
Credit Report
Bank statement
19
Credit Bureaus are agencies that store the information that is available on your credit report.
True
False
20
The age of the credit account (15% of your credit report) means...
How long you had an account and the average age of ALL accounts
All of the above
How long you had all your accounts and the most current account
How long you had your oldest account and ALL of your accounts
21
Which of the following is an example of a credit score?
777
both b and c
805
6784
22
THIS IS A THREE-DIGIT NUMBER THAT TELLS LENDERS HOW LIKELY YOU ARE TO REPAY YOUR LOANS.
Transunion score
Equifax Score
Credit Score
Experian Score
23
CAR LOANS, CREDIT CARDS, and MORTGAGE are examples of types of credit accounts.
False
True
