Credit and Loans

Question 1

A way to build good credit is

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paying bills when they are due.

Question 2

A credit score is based in part on

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payment history and total debt.

Question 3

credit cardmortgagetaxbond

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mortgage

Question 4

The type of credit people are most likely to use for small purchases during their lifetime is

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a credit card.

Question 5

The chart shows a range of credit scores.

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find it hard to get a loan.

Question 6

Which statement is true of both mortgages and auto loans?

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They are secured loans and generally require a down payment.

Question 7

principal borrowedoutstanding balanceprojected balance

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principal borrowed

Question 8

What is a benefit of obtaining a personal loan?

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getting money with special repayment terms

Question 9

Which best describes a way people can use personal loans?

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to pay for college

Question 10

What best determines whether a borrower’s interest rate on an adjustable rate loan goes up or down?

Revolt · Accepted Answer

a market's condition

Credit and Loans Answers