Financial Management Orientation

Credit – Review

1. Credit Cards are always bad and should never be used.
   • True or False
2. All of the following are possible Credit Card fees: annual fee, cash-advance fee, late-payment fee.
   • True or False
3. Debit card charges need to be paid off at the end of the month when the bill arrives.
   • True or False
4. Your credit report is private and available only to you and your immediate family.
   • True or False
5. You should check your score every year at www.annualcreditreport.com.
   • True or False
6. Which of the following affect your credit score?
   • Rent payments
   • Number of credit cards and their balance
   • Car loan and payments
   • All of the above