ving someone "Co-Sign" a Loan with you?
a) If one of the two people miss a payment, it will lower both their credit scores
b) If both people make all their payments on-time, it will increase both of their credit
scores
c) If one of the two people have a late payment, it will decrease both their credit scores
d) All of the Above
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33) Which of the following best explains the definition of "Credit"?
a) The ability to obtain a credit card from a bank or financial institution
b) The ability to obtain a debit card from a bank or financial institution
c) The ability to obtain goods or services before payment based on trust, and future
payment
d) The ability to obtain goods or services based on Supply & Demand
34) Which action below is highly recommended for younger people trying to build their
Credit?
a) Applying for a an Automobile Loan
b) Applying for a Secured Credit Card
c) Applying for a Mortgage
d) Applying your opinion on to how the finances of the Government are run
35) Having excellent Credit can lead to which of the following:
a) Easier to take out lines of credit like a car loan or a mortgage
b) Higher interest rates on credit cards
c) higher interest rates on loans
d) More difficulty obtaining a car lease or, car loan or a mortgage