Team 1
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Team 2
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Teams
Name
Score
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15
×
Do you have to pay interest on loans.
Yes, you pay interest every month on a loan.
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Okay!
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15
×
Why is my payment history important?
It tells the bank I can make my payments all the time.
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Okay!
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15
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Is my current job was one I had in the past.
No, your current job is the one you are working at right now.
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15
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Is my credit limit the most I can borrow?
Yes, this is the most the bank will let you borrow.
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Okay!
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15
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What is in your credit report?
It shows your personal information and credit history.
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Okay!
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15
×
List 3 ways you can borrow?
loans, credit cards and, mortgage
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Okay!
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baam
Lose 20 points!
Oops!
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magnet
Take 15 points!
Okay!
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gift
Win 20 points!
Okay!
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baam
Lose 20 points!
Oops!
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trap
No points!
Oops!
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gold
Win 50 points!
Okay!
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shark
Other team loses 20 points!
Okay!
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thief
Give points!
5
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15
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25
15
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What does "to owe" mean?
It means to give money back that you borrowed.
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Okay!
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15
×
What is interest?
It is an extra fee that you pay every month when you borrow.
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Okay!
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15
×
Why is a credit score important?
It shows if you are can pay your loans and credit cards every month.
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Okay!
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15
×
What do banks see in your credit history?
payment history and borrowing accounts
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banana
Go to last place!
Oops!
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fairy
Take points!
5
10
15
20
25
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rocket
Go to first place!
Okay!
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banana
Go to last place!
Oops!
15
×
What is a lender?
A lender is the person or bank that is giving you money.
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15
×
Can you payback money you borrow 1 or 2 months late?
No, the bank will report late payments on your credit score.
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Okay!
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15
×
What is the difference between credit cards and loans?
Credit cards you can use to many different things. A loan is only for 1 thing.
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