Credit Report and Credit Score | Baamboozle - Baamboozle

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Teams

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Score

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15

What is a lender?

A lender is the person or bank that is giving you money.

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Check

Okay!

Check

15

What is in your credit report?

It shows your personal information and credit history.

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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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Check

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Check

boom

Lose 50 points!

Oops!

gift

Win 25 points!

Okay!

rocket

Go to first place!

Okay!

baam

Lose 10 points!

Oops!

15

Do you have to pay interest on loans.

Yes, you pay interest every month on a loan.

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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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Check

Okay!

Check

heart

Other team wins 25 points!

Oops!

star

Double points!

Okay!

rocket

Go to first place!

Okay!

thief

Give points!

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25

15

What do banks see in your credit history?

payment history and borrowing accounts

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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!

Check

heart

Other team wins 10 points!

Oops!

gift

Win 25 points!

Okay!

fairy

Take points!

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25

lifesaver

Give 10 points!

Oops!

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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15

When is your employment history?

These are jobs that I had in the past.

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Check

lifesaver

Give 25 points!

Oops!

rocket

Go to first place!

Okay!

shark

Other team loses 10 points!

Okay!

lifesaver

Give 25 points!

Oops!

15

What is another name for a financial institution?

a bank

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15

What does "to owe" mean?

It means to give money back that you borrowed.

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Okay!

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15

Is my credit limit the most I can borrow?

Yes, this is the most the bank will let you borrow.

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Check

Okay!

Check

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