Question

down:

1. a number you are given based on how you use your credit
2. a line of credit that is given in a lump sum
3. the amount of money on your credit card at the end of a billing cycle is called your
4. a source of money coming in

across:

1. a list of all your lines of credit
2. a type of credit that you get back once youve made a payment
3. money you are given with the promise to pay it back later
4. a monthly fee that you are charged for using a particular line of credit

pop quiz!

1. how old do you have to be to get a credit card on your own?

a. 16 b. 18 c. 21 d. any age

1. credit cards are a type of which credit?

a. revolving b. installment

1. checking your credit score yourself can drop your score

a. true b. false

1. your credit score can determine your insurance rates

a true b false

1. what is the only free and legitimate place to check your credit report?

Explanation:

Crossword Puzzle (Answer-Explanation Format)

Each answer matches the credit/finance term definition provided, aligned with the grid length:

1. Down: Term for credit usage-based number (8 letters)
2. Across: Full list of credit accounts (11 letters)
3. Across: Credit replenished after payment (9 letters)
4. Down: Lump-sum credit line (10 letters)
5. Down: End-of-cycle credit card balance (7 letters)
6. Across: Borrowed money to repay later (6 letters)
7. Down: Incoming money source (5 letters)
8. Across: Monthly credit usage fee (8 letters)

1. Legal age for independent credit card eligibility in the U.S. is 18.
2. Credit cards let users reuse credit after payments, fitting revolving credit.
3. Self-checks are "soft pulls" that do not impact credit scores.
4. Insurers often use credit scores to set rates in many regions.
5. U.S. law designates this site as the only free, legitimate credit report source.

Answer:

Down:

1. CREDITSCORE
2. INSTALLMENT
3. BALANCE
4. INCOME

Across:

1. CREDITREPORT
2. REVOLVING
3. CREDIT
4. MONTHLYFEE

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Pop Quiz (Answer-Explanation Format)