1) Credit  a) Is what a lender charges a person who takes out a loan. It is a percentage of the principal. b) The measure of a customer’s trustworthiness when borrowing from a leander. c) When a customer is hard to trust and not likely to pay a lender back. d) The amount of money loaned to a borrow. 2) GOOD Credit a) The measure of a customer’s trustworthiness when borrowing from a leander. b) When a customer is easy to trust and likely to pay a lender back. c) A three digit number that represents a customer’s likelihood of paying a loan back and is based on credit history. d) The amount of money loaned to a borrow. 3) BAD Credit  a) Is what a lender charges a person who takes out a loan. It is a percentage of the principal. b) When a customer is hard to trust and not likely to pay a lender back. c) The measure of a customer’s trustworthiness when borrowing from a leander. d) The name of a loan a person takes to buy s house or building. 4) Credit Score a) When a customer is easy to trust and likely to pay a lender back. b) A three digit number that represents a customer’s likelihood of paying a loan back and is based on credit history. c) The amount of money loaned to a borrow. 5) Interest Rates a) The name of a loan a person takes to buy s house or building. b) When a customer is hard to trust and not likely to pay a lender back. c) Is what a lender charges a person who takes out a loan. It is a percentage of the principal. d) The measure of a customer’s trustworthiness when borrowing from a leander. 6) Principle  a) A three digit number that represents a customer’s likelihood of paying a loan back and is based on credit history. b) When a customer is easy to trust and likely to pay a lender back. c) The amount of money loaned to a borrow. 7) Mortgage  a) The name of a loan a person takes to buy s house or building. b) Is what a lender charges a person who takes out a loan. It is a percentage of the principal. c) When a customer is hard to trust and not likely to pay a lender back. d) The measure of a customer’s trustworthiness when borrowing from a leander. 8) NOTES: CREDIT  What are three ways in which you can increase your credit score: a) Making on-time payments b) Not using ALL of your credit cards. c) Paying the full amount due d) All Of The Above e) None Of The Above 9) NOTES: CREDIT What are three ways in which you can decrease your credit score: a) Making payments late b) Not paying the full amount due c) Using ALL of your credit cards. d) Only B&C e) All Of The Above f) None Of The Above 10) NOTES: CREDIT What are three positive impacts of having a good credit score: a) Low interest rates on loans b) Having a loan approved c) Low interest rates on credit cards. d) None Of The Above e) All Of The Above f) Only A & C 11) NOTES: CREDIT What are three positive impacts of having a bad credit score: a) All Of The Above b) High interest rates on loans c) Having a loan denied d) High interests rates on credit cards. e) Only A & B f) None Of The Above 12) CREDIT BUREAUS: What do credit bureaus do? a) The name of a loan a person takes to buy s house or building. b) Credit bureaus determine your credit score based on the information from lenders (banks). c) A three digit number that represents a customer’s likelihood of paying a loan back and is based on credit history. 13) CREDIT BUREAUS: Name the three credit bureaus: a) Equifax b) Experian c) TransUnion d) Experience  e) Just A, B, & C f) All Of The Above 14) Credit Score Ranges: The Credit Scores Higher Then 720 And Above. READ CAREFULLY a) -1,120 b) 860 c) 549 d) 440 e) 960 f) 1,120 15) Credit Score Ranges: The Credit Scores Lower Then Less Then 500. READ CAREFULLY a) 284 b) 167 c) -567 d) 869 e) 990 f) All Of The Above 16) How is Credit like a Sandcastle? a) Credit Score relates to how if something gets knocked down try to rebuild it up again. b) I hate this sooooo much c) Credit score is is like a rainbow of colors it can never fail. d) Credit is like a sandcastle because it is hard to build up one mistake can knock it down like if you don't pay a bill your credit score can be ruined. e) Idk I give up 17) CREDIT is whether you can be trusted to pay back a loan. CAN YOU BE TRUSTED? a) Yes! b) Ahhh c) Maybe d) Kind Of  e) Diffidently Not  f) NOOOO!!!!!!

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