Credit - Spring '16

Some credit cards offer ___

An example of INSTALLMENT credit is ___

On the day you turn 18, your credit score is ___

Each of the Big Three credit agencies give you a free ___ once a year

Checking your credit score once a month may lower your credit score

An average credit card interest rate for buying stuff (if you have good credit) would be ___

To protect your credit score, which is the BEST option with credit card bills?

Mortgages and car loans are usually secured

It is possible to use credit cards all the time and never pay a penny in interest or fees.

Interest on Pay Day loans, if you don't pay them off quickly, can be ___ annually

Unless you're disciplined, using credit cards for dining out & entertainment can lead 2 trouble

Credit cards are always secured

If a loan is secured, it means collateral is involved.

Your credit report may contain information from loans you had many years before

Your income is a component of your credit score

A good credit score can help with employment, renting an apartment, and saving on car insurance

Pay Day loans are illegal.

The CARD Act requires credit card companies give you __ days' notice B4 raising interest rates

If you are careful, you can actually make money using credit cards

"Buy now, pay later!"

The CARD Act was passed in ___

An example of REVOLVING credit is ___

A credit score of 750 would be considered ___.

When the Federal Reserve Bank ("the Fed") lowers interest rates, ___

From which of the following can you get a free credit SCORE?

If a stock has increase a lot in the past few years, it will continue to increase

If you apply for credit/loans, a ___ has been made

Which is NOT a major credit reporting agency?

FICO once stood for ___

The most important element of your credit score (35%) is ___

If you only make the minimum payment on a credit card, ___

The "grace period" on a credit card is ___.

Which can you NOT do with a credit card?