College HELP Cheat Sheet Credit and Loans

The following will be covered on the College HELP Credit and Loans Quiz:

Credit Cards
Here are some sample questions:

- The fixed amount or maximum amount you may charge on a credit card is known as __________.
- You are assessed a(n) __________ on any unpaid credit card balance.
- Which term is used to describe a situation in which as you pay down your credit card principal, that money becomes available to you again?

Another topic you should know:
Revolving Credit
Principal 
APR

Credit Score
Here are some sample questions:

- A credit score assigns a number to your credit worthiness based on what?
- What is the typical range of credit scores?
- When it comes to your credit score, what weighs most heavily when your score is calculated?
- These are some other topics you should know:
- What are reasons for low credit ratings?
- What are good/bad credit scores?
- What is a FICO score?

Credit History
Here are some sample questions:

- What is the difference between a fixed and variable interest rate?
- Your credit report contains information from how many years?
- What information is found in a credit report?

These are some other topics you should know:
Delinquency- What does this mean in terms of credit?
What are long-term benefits of a good credit history?
How can you build good credit vs. destroy your credit?

Loans
Here are some sample questions:

- What is the difference between subsidized and unsubsidized loans?
- Which kind of loan allows you to borrow the money you need up front and then repay it over a specified period of time with interest?
- Each day interest is calculated on the unpaid principal balance of a loan and increases. This kind of interest is known as _______________.

These are some other topics you should know:
promissory note- What is it? How is it used?
secured loan vs. unsecured loan- What are they? What is the difference between them?

These websites will be helpful for study information:

http://www.101emailetiquettetips.com/
http://money.usnews.com/money/blogs/outside-voices-careers/2012/06/05/8-etiquette-tips-for-salary-negotiation
http://www.careereducation.columbia.edu/resources/tipsheets/skills-business-etiquett