Credit Test

Which is not a type of credit?

A time period during which no finance charges will be added to your account?

You can get access to credit by applying to all of these EXCEPT

Property used to secure a loan.  If you fail to pay back the loan, you lose the property?

The biggest problem with using credit comes when you...

Which of the following is a good reason to use a credit card?

Which of the following credit bureaus provide a free credit report for consumers?

The word that describes the cost of using credit.

The best way to improve your credit score is to...

Legal process for selling most of a consumer's property to help debt obligations?

A loan to be repaid with a certain number of payments with a certain interest rate is a:

Debt arranged that allows you to borrow and repay and then borrow again.

Companies that make small short-term, high-interest loans to tide people over until payday?

A loan that is created in order to pay for education.

The annual rate that is charged for borrowing?

The maximum amount a person can borrow on a credit card or other revolving loan?

The total cost of credit, including interest and service.

Credit that does NOT require any security to protect the loan.

A credit report does all of these EXCEPT

Lenders that charge high fees and interest rates.

Which of the following can impact your credit rating?

A record of person's use of credit.

A measure of financial ability to repay a loan.

A person who is equally responsible for paying back debt under the credit terms.

If an individual uses credit and does not pay the required amount by due date they get charged?

The maximum amount you can charge on a credit card is called the?

The companies that monitor and report consumer credit?

Money or other assets used for a particular purpose, like investing or starting a new business.