Credit 2 Jeopardy Template

Loans	Increase or Decrease (credit score)	Credit Terms	Credit History	Identity Theft
100 Yes, it can affect it positively or negatively based on your standing Does your credit score have an impact on the interest rate of a loan?	100 Increase Jake just finished paying his electricity bill and has never had a late payment increase or decrease your credit score?	100 Credit Score a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual	100 Credit Report a statement that has information about your credit activity and current credit situation	100 Social Security Number What is the most important piece of information that thieves use for identity theft?
200 Mortgages What type of loans refinance and use your house as collateral?	200 Decrease You are looking into financing a vehicle. The dealership runs a hard inquiry on your credit in order to ensure you will be approved. Does this increase or decrease your credit score?	200 Down Payment An initial payment that is made when something is bought on credit.	200 a record of your ability to pay back your debts What is your credit history?	200 Employment Identity Theft What type of identity theft affects jobs and their benefits?
300 You have the cash flow, a plan, and the ability to pay it back over time. When would be a good time to borrow?	300 Decrease Jake wants to open another credit line. He has not paid off his other lines yet. Does opening an outstanding amount of credit lines increase or decrease your credit score?	300 Annual Percentage Rate the yearly interest generated by a sum that's charged to borrowers or paid to investors.	300 By having a thin credit file How would it be difficult to generate a credit score and get approved?	300 Criminal Identity Theft A fake ID is an example of what type of identity theft?
400 Payday Loan What kind of loan can you take out if you do not have money needed for living expenses short-term?	400 Decrease James has 3 credit cards and decides to close one of them. After closing it, he continues to spend the same amount as beforehand. Will this increase or decrease his credit score?	400 Co-signer a family member or friend of an applicant who cannot get approved for a credit card on their own merit.	400 7 Years How long does a late payment remain on your credit report?	400 The child or parents won’t realize until they are older and they can tap into the benefits. Why would someone want to steal a child’s information?
500 Unsecured and Fixed Is a student loan secured or unsecured? Fixed or variable?	500 Decrease Jeff has a credit limit of $10,000, and usually spends $1,500 or 15% utilization monthly. One month, however, Jeff makes a big purchase and spends $6,000, which would be 60% credit utilization. Will his score increase or decrease?	500 Credit Utilization Rate the amount of revolving credit you're currently using, divided by the total amount of revolving credit you have available.	500 Every 12 months. TransUnion, Equifax, and Experian. How often are you entitled to a free credit report and from what companies can you get them from?	500 Stolen health insurance cards or other medical records. How do thieves get the information to perform medical identity theft?

Credit

Press F11 for full screen mode