Credit Unit Test

Match it! Select the correct answer from the pull down...Good luck!

_____ credit is either secured or unsecured, has no monthly payments, is short-term, and the balance is due in full on the due date.

The only source authorized by law to give you a free annual credit report is ____.

A ____ loan must have property put up to guarantee the loan so that if you don't pay it, the lender takes the property.

If you don't report fraudulent debit card use within ____ hours to your bank, then you are responsible up to $500.00

If someone uses your credit card fraudulently, federal law states the maximum that you are liable for is $___ if you report it.

A(n) _____ loan is based on trust and your credit score to get the loan and has no collateral.

____ credit allows you to make monthly payments on the balance due but interest is charged on the unpaid balance, a minimum monthly payment is required, and purchases are limited.

Which of the following is an example of good debt?