Team 1
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Team 2
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Teams
Name
Score
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×
trap
No points!
Oops!
×
shark
Other team loses 10 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
thief
Give points!
5
10
15
20
25
15
×
All of the following purchases can be impacted by your credit report EXCEPTโฆ
Leasing an apartment
Getting your own cell phone plan
Buying a TV with cash
Applying for a mortgage to buy a house
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15
×
How does the interest rate on a loan compare for someone with excellent credit compared to someone with poor credit?
Interest rates are lower for someone with excellent credit
Interest rates are the same regardless of credit score
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Check
×
heart
Other team wins 25 points!
Oops!
×
shark
Other team loses 25 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 25 points!
Oops!
15
×
What is the credit score scale?
300 to 850
0-100
100 to 1,000
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15
×
What is a secured credit card?
it's the same as a debit card
a type of credit card that is backed by a cash deposit from
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15
×
If you have a co-signer, you are still required to make the payments on a loan.
False
True
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15
×
Jane needs a cosigner for her loan. Which person would be the best for her to ask to be her cosigner?
Her cousin, who has several fancy cars and must be rich
Her grandfather, who lives on a tight budget
Her sister, who shows her she has a credit score of 735
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15
×
How long does it take to establish your first credit score?
about 2 years
about 6 months
about 1 year
about 3 months
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×
baam
Lose 25 points!
Oops!
×
star
Double points!
Okay!
×
gift
Win 25 points!
Okay!
×
lifesaver
Give 20 points!
Oops!
15
×
The person who cosigns for you is impacted because they become responsible for the debt if you fail to make payments.
False
True
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15
×
Which of the following actions is NOT a way your credit score may be used
buying a car
leasing an apartment
opening a savings account
getting a cell phone
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15
×
How does opening a checking account with a bank help you build credit even though it doesnโt directly impact your credit score?
allows you to establish a relationship with the bank and show a pattern of responsible financial management.
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Check
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×
boom
Lose 50 points!
Oops!
×
star
Double points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
lifesaver
Give 20 points!
Oops!
×
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