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Credit Report and Credit Score
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Game Code: 2184419
English
15
Public
Review Vocabulary for basic credit report and credit score
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Crystal Meakin
16
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What do banks see in your credit history?
payment history and borrowing accounts
15
Why is a credit score important?
It shows if you are can pay your loans and credit cards every month.
15
Do you have to pay interest on loans.
Yes, you pay interest every month on a loan.
15
What is in your credit report?
It shows your personal information and credit history.
15
Can you payback money you borrow 1 or 2 months late?
No, the bank will report late payments on your credit score.
15
Is my current job was one I had in the past.
No, your current job is the one you are working at right now.
15
What is another name for a financial institution?
a bank
15
When is your employment history?
These are jobs that I had in the past.
15
Why is my payment history important?
It tells the bank I can make my payments all the time.
15
Is my credit limit the most I can borrow?
Yes, this is the most the bank will let you borrow.
15
What is interest?
It is an extra fee that you pay every month when you borrow.
15
List 3 ways you can borrow?
loans, credit cards and, mortgage
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.
15
What is a lender?
A lender is the person or bank that is giving you money.
15
What does "to owe" mean?
It means to give money back that you borrowed.
15
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