1. Finance In the Classroom Credit Jeopardy

2. Finance In the Classroom Note to Teachers All answers are in the NOTES area below. To see the answers, be sure you are in the edit view of the PPT, not playing the PPT. Feel free to make up your own questions.

3. Finance In the Classroom Credit Jeopardy

4. Finance In the Classroom Credit Jeopardy It’s the Law What’s My Score? In Charge of Credit Cards Do You Know? $200 $400 $600 $800 $1000

5. Finance In the Classroom The law that requires all banks to calculate credit costs the same way.

6. Finance In the Classroom Credit bureaus must investigate disputed items within this number of days.

7. Finance In the Classroom The legal process in which people who cannot pay their debt must surrender most of their property.

8. Finance In the Classroom Using someone else’s name to get cash or purchase goods.

9. Finance In the Classroom The purpose of the Equal Opportunity Act.

10. Finance In the Classroom A credit bureau

11. Finance In the Classroom The three largest credit bureau companies.

12. Finance In the Classroom The name of the numerical credit rating that lenders use.

13. Finance In the Classroom The website that enables a consumer to obtain a free credit report annually.

14. Finance In the Classroom Factors that determine a good credit score.

15. Finance In the Classroom The total annual percentage amount it will cost a person to use credit.

16. Finance In the Classroom The time between the billing date and the payment due date when no interest is charged.

17. Finance In the Classroom The maximum amount a consumer is allowed to charge.

18. Finance In the Classroom They are expensive, charge a high fee, and a high interest rate is charged.

19. Finance In the Classroom If your credit card balance is $10,000, and the APR is 20%, you’ll pay roughly this amount in interest (assuming you only make minimum payments).

20. Finance In the Classroom An arrangement to receive cash, goods, or services now and pay for them in the future.

21. Finance In the Classroom Agreeing to be responsible for loan payments if the borrower fails to make them.

22. Finance In the Classroom Ways to develop a good credit history.

23. Finance In the Classroom The three Cs of credit.

24. Finance In the Classroom The percentage of take- home pay that should be used for debt payments (excluding mortgage).