Team 1
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Team 2
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Teams
Name
Score
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×
banana
Go to last place!
Oops!
×
seesaw
Swap points!
Okay!
×
shark
Other team loses 10 points!
Okay!
×
thief
Give points!
5
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25
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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15
×
What is a secured credit card?
a type of credit card that is backed by a cash deposit from
it's the same as a debit card
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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 sister, who shows her she has a credit score of 735
Her grandfather, who lives on a tight budget
Her cousin, who has several fancy cars and must be rich
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15
×
What is the credit score scale?
0-100
100 to 1,000
300 to 850
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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 the same regardless of credit score
Interest rates are lower for someone with excellent credit
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15
×
Which of the following actions is NOT a way your credit score may be used
leasing an apartment
getting a cell phone
buying a car
opening a savings account
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Check
×
eraser
Reset score!
Oops!
×
shark
Other team loses 10 points!
Okay!
×
rocket
Go to first place!
Okay!
×
banana
Go to last place!
Oops!
15
×
If you have a co-signer, you are still required to make the payments on a loan.
True
False
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15
×
All of the following purchases can be impacted by your credit report EXCEPTโฆ
Getting your own cell phone plan
Leasing an apartment
Applying for a mortgage to buy a house
Buying a TV with cash
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×
trap
No points!
Oops!
×
rocket
Go to first place!
Okay!
×
shark
Other team loses 20 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
The person who cosigns for you is impacted because they become responsible for the debt if you fail to make payments.
True
False
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×
thief
Give points!
5
10
15
20
25
×
gold
Win 50 points!
Okay!
×
rocket
Go to first place!
Okay!
×
banana
Go to last place!
Oops!
15
×
How long does it take to establish your first credit score?
about 3 months
about 1 year
about 2 years
about 6 months
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×
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