Section 1 - Instruction

You just learned that credit is your financial reputation built through borrowing and repaying money. Let's practice applying these core concepts.

Engagement Message

Ready to test your understanding?

Section 2 - Practice

Type

Sort Into Boxes

Practice Question

Sort these statements into whether they help build good credit or hurt your credit:

Labels

  • First Box Label: Builds Good Credit
  • Second Box Label: Hurts Credit

First Box Items

  • Pay bills on time
  • Use credit responsibly
  • Build payment history

Second Box Items

  • Miss payments
  • Avoid all credit
  • Pay bills late
Section 3 - Practice

Type

Fill In The Blanks

Markdown With Blanks

Let's practice the key credit concepts. Fill in the blanks:

Credit is essentially [[blank:borrowed]] money that you promise to [[blank:pay back]] later. Your credit [[blank:history]] shows lenders how reliable you are with money.

Suggested Answers

  • borrowed
  • pay back
  • history
  • reputation
  • record
Section 4 - Practice

Type

Swipe Left or Right

Practice Question

Swipe each scenario based on whether it shows someone building good credit or damaging their credit:

Labels

  • Left Label: Building Good Credit
  • Right Label: Damaging Credit

Left Label Items

  • Sarah pays her credit card bill in full every month
  • Mike makes his car loan payment on the same day each month
  • Lisa keeps track of all her monthly bill due dates

Right Label Items

  • Tom forgets to pay his credit card for 3 months
  • Anna decides to never use any form of credit
  • Jake consistently pays bills 2 weeks late
Section 5 - Practice

Type

Multiple Choice

Practice Question

Why do lenders care about your credit history?

A. They want to know how much money you make B. They need proof that you're reliable with borrowed money C. They're required by law to check it D. They want to see your bank account balance

Suggested Answers

  • A
  • B - Correct
  • C
  • D
Section 6 - Practice

Type

Sort Into Boxes

Practice Question

Sort these into benefits of good credit versus consequences of poor credit:

Labels

  • First Box Label: Good Credit Benefits
  • Second Box Label: Poor Credit Results

First Box Items

  • Better loan rates
  • Easier rentals
  • Job opportunities

Second Box Items

  • Higher interest rates
  • Loan rejections
  • Limited options
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