Financial Management Orientation

Credit Review – Answers

  1. False – Credit cards are good for emergencies
  2. True – Always be aware of all possible fees
  3. 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
  4. False – Many people can access your credit history, including; lenders, landlords, utility providers and potential employers
  5. allows you to check your credit history for free, once a year. You should check it annually for errors.
  6. All of the above. Your payment history, number of credit cards, their balances, and loans all affect your credit score.

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