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Credit Quiz 6 (25 MCQs)

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1. Main advantages of a Debit Card
2. In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?
3. What is the range of credit scores?
4. Financial Bankruptcy is _____
5. A fee a bank, credit card, or lender charges to purchase something & pay for it over time
6. The fact that Ed owns two apartment buildings made it easier for him to obtain a loan. This will affect which of the 3 C's?
7. This is when the interest rate will remain the same for the life of the loan
8. The actions or behaviors in which people SHOULD engage when they use credit
9. What is the minimum payment?
10. The amount you must pay on a credit card, based on a percentage of the outstanding balance.
11. The value of property you possess after deducting debt?
12. Which of the following is NOT a factor to consider when taking out a loan?
13. A company that collects information about consumer's credit history and sells it to lenders is a
14. A company that provides software for calculating a person's credit score
15. What range of scores describes people with "good" credit?
16. Which of these is likely the MOST important financial consideration a person should make when deciding to borrow money from a financial institution?
17. What does your credit history NOT consist of?
18. Which of the following is not an example of a secured loan?
19. What are the two biggest influences on your credit score?
20. Loans that are repaid in regular payments over a period of time
21. A credit card is a _____ type of loan that uses _____ interest.
22. What does bad credit say about you?
23. Which family from Oprah's Debt Diet had the most trouble with credit cards?
24. A loan that is obtained without the use of property as collateral is a _____ loan.
25. _____ companies make up your credit score.
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