Financial Management Orientation

Credit Review – Answers

  1. False – Credit cards are good for emergencies
  2. True – Always be aware of all possible fees
  3. False – There is no “end of the month bill” for debit cards. Purchases made with a debit card are automatically deducted from the checking account they are associated with
  4. False – Many people can access your credit history, including; lenders, landlords, utility providers and potential employers
  5. Truewww.annualcreditreport.com allows you to check your credit history for free, once a year. You should check it annually for errors.
  6. All of the above. Your payment history, number of credit cards, their balances, and loans all affect your credit score.

Previous Page Next Page