Name the three major credit reporting agencies in the U.S.?
What’s another name for a credit score? HINT: Originates from Fair Isaac Company
Credit scores are calculated based on how many general factors? 35% - Payment history 30% - Outstanding debt 15% - Length of Credit history 10% - Pursuit of new credit 10% - Types of credit in use
What are the 3Cs of Credit? Character: reputation. Will you repay the debt? Capital: what you own. What if you don’t repay debt? Capacity: Ability to repay. Are you capable of repaying the debt?
How many planets in the solar system have rings? Jupiter, Saturn, Uranus, and Neptune all have rings.
What is NOT an example of closed end credit? All of the above Credit cards Automobile loans Mortgages Education loans
Match some advantages and disadvantages to credit cards: Advantage Disadvantage Advantage Protection against fraud Tempting to overspend Convenient payment tool Useful for emergencies Interest can be costly
Match the device to what it measures: Stop Watch Scale Thermometer Speedometer Odometer Distance Temperature Elapsed Time Weight Rate of Travel