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Financial Management Orientation
Credit Review – Answers
False
– Credit cards are good for emergencies
True
– Always be aware of all possible fees
False
– There is no “end of the month bill” for debit cards. Purchases made with a debit card are automatically deducted from the checking account they are associated with
False
– Many people can access your credit history, including; lenders, landlords, utility providers and potential employers
True
–
www.annualcreditreport.com
allows you to check your credit history for free, once a year. You should check it annually for errors.
All of the above
. Your payment history, number of credit cards, their balances, and loans all affect your credit score.
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