Module 121- 122 Review Part 1

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

Character, capacity, capital, conditions, and collateral are used by lenders to determine your creditworthiness.

Lenders offer lower interest rates if you have a lower credit score.

Having a co-signer makes you less likely to receive a loan.

A car dealership will tend to offer you a better car loan if you have a high credit score.

The more debt you have, the better your credit score will be.

A lower credit score means you are a lower risk for lenders.

Lenders try to lend money only to people they expect will pay them back.

You can increase your credit score by paying your entire credit card balance every month.