a.) financialaid.gov b.) wichita.edu/finances c.) mycollegemoneyplan.orgd.) money4you.com l c.)...
TRANSCRIPT
A.) FinancialAid.gov B.) Wichita.edu/Finances
C.) MyCollegeMoneyPlan.orgD.) Money4You.com
L
C.) MyCollegeMoneyPlan.org
F
What is the name of the website you visited in class this week to learn more about your
finances in college?
To spend less you should try?
A.) eating out less oftenB.) negotiate tuition prices
C.) not paying rent D.) A and B are correct
L F
A.) eating out less often
L F
Which of the following is NOT a trick to get you to go into too much
debt?
A.) Advertising a car by it’s monthly payment instead of the net price
B.) A university directing you to a “net calculator” for college costs
C.) Lenders telling you your line of credit qualifies you for a bigger home than you
calculated
D.) A school telling you to borrow from your parents’ retirement
fund until you can pay them back when you
graduate
L F
What is the best type of loan to have?
A.) a Federal Student Loan
B.) A rent-to-own loan
C.) A federal or private student
loan
D.) A PayDay Loan
L F
To avoid identity theft you should take steps to?
A.) Only shop online so there’s no clerk present
to steal your debit/credit card
information
B.) Refuse to give out your social
security # when applying for jobs
C.) Shred documents with your personal information on
it.
D.) Don’t have a bank account,
keep all of your $ safe at home
L F
How much debt is too much debt for school?
A.) Having $25,000 in
federal student loans
B.) Borrowing more than you’ll make your
first year out of school
C.) Having a $2,000 car loan in addition to federal
student loans
D.) All of the above
L F
D.) All of the above
A.) medical issues
B.) To get a car for transportation
C.) To advance your degree in a
field that will increase your
earning potential
What are considered reasons for a
“necessary debt?”
L F
A.) Maintaining a positive balance
What is the best way to build credit using a credit card?
B.) Making on time, in full
payments each month
C.) Using it for all major purchases
D.) A and B are correct
Where should you store your social security card?
L F
A.) In your walletB.) In your glove box
C.) In a secure location in your
home
D.) A and C are both correct
L F
All of the following would hurt your credit score except?
A.) Making late payments
B.) Using most of your available
credit each month
C.) Getting approved for
several credit cards in a year
D.) Getting a higher credit
allowance
L F
Which person would have the best credit score?
A.) A woman who is married to a
millionaire
B.) A man who has an income
of $200,000
C.) A 15 year old who doesn’t have
any debt yet
D.) There is not enough
information to know
L F
Which of the following is considered a “hard inquiry” on
your credit report?A.) If an employer
checks your credit in the hiring process for a financial firm
B.) If a lender checks your credit to decide
what interest rate you qualify for on a
loan
C. If you submit a request for a copy of your credit report at annualcreditreport.c
om
D. All of the above
L F
A.) Utility companies to determine if you
will pay a higher deposit than others
do
B.) By an employer to deny
you fair consideration for a
jobC.) By a landlord
approving/denying you to rent
D.) By a mortgage broker in order to send you ads for a
home loan
Your credit score can’t be used by:
L F
Which of the following does not appear on your credit
report?
A.) PayDay LoanB.) Installment
Loan
C.) Revolving Charge Account
D.) Mortgage
L F
Which has the highest Annual Percentage Rate?
A.) A PayDay Loan
B.) Rent-to-own Loan
C. Auto Title Loan
D.) Credit Card