Learning about Credit
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Down payment | partial payment on large purchase
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| Minimum payment | Least amount you can pay on your monthly statement.
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| Due date | The date that your payment must be received by the credit card company.
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| See ID | What you should write on the back of a credit card so cashier checks identification.
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| Late fee | Fee charged by credit card company for payment received after the due date.
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| to obtain a free credit report | annualcreditreport.com
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| APR | Annual percentage rate or interest rate charged on a credit card.
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| credit | something is received in exchange for promise to pay money back in the future.
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| credo | I believe
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| range for credit scores | 350-850
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| good credit score | 700 and up
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| cosigner | a person who puts his or her name on a loan with a person, offering to make payment if that person cannot do so in the future.
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| Way to avoid interest charges | pay in full each month
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| Down payment | Partial payment made when product is initially purchased.
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| Late Fee | Charged by credit card company when payment is received after due date.
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| Statement | monthly summary of purchases, returns and payments.
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| Interest | charge added to money borrowed, often expressed as a percentage of loan. Also known as cost of borrowing money.
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| Annualcreditreport.com | Website that provides consumers with a free credit report from each of the credit bureaus each year.
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| Debit Card | similar in looks to a credit card, but money is withdrawn from consumer's bank account.
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| Credit Card | Plastic card that holds pre-approved credit.
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| Credit Limit | maximum amount that can be charged on a credit card.
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| Annual Fee | a fee charged once a year for credit card ownership.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
sueroberts
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