Credit 101.1 QUIZ

So let’s try this again!  From the top this time!  CREDIT! CREDIT! CREDIT! you can not get away from this word and what it means in your life. Here is the definition straight out of the dictionary. You can easily see that the word CREDIT is a good thing until you fuck it up! then its your worst nightmare. Like that house you promised your baby you would buy her, before CREDIT made you a liar! Or why you still live with your MaMa because CREDIT said No Way Jose to the only apartment your broke ass could afford. And the reason your ass is broke is because CREDIT told your potential employer that you are a dead beat loser who might be a risk to hire. Yea, Yea, get the sand out of your vagina and stop your crying I know this is not the majority of you that I speak of. I know there are many legit reasons for having a poor credit score like your company down sizing and kicking your ass to the curb, or your dumb ass cheating and your partner kicking you to the curb like the dog that you are and taking your CREDIT with them. Or that Casanova you met on-line that you traveled overseas to marry only to find out that he was already married to 3 other women, and a prison escapee who conned you out of your good credit. Wait shit this one doesn’t count if this is you then you are already to stupid for me to help. Or the evil bankers who sold you that million dollar house while you were working at Micky D’s. Or the family member you co-signed for, who turned up on Americas Most Wanted. I am not talking about you! I am mostly talking about me! Back in the day! Before I became older then dirt! I was probably all of these except the overseas one. That one I have no sympathy for i’m just going to keep laughing at your dumb ass. So get a grip! Answer the quiz I am about to give you and help me educate others!

Dictionary definition:

1. commendation or honor given for some action, quality, etc.: Give credit where it is due.
2. a source of pride or honor: You are a credit to your school.
3. the ascription or acknowledgment of something as due or properly attributable to a person, institution, etc.: She got a screen credit for photography.
4. trustworthiness; credibility: a witness of credit.
  5. confidence in a purchaser’s ability and intention to pay, displayed by entrusting the buyer with goods or services without immediate payment.
  6. reputation of solvency and probity, entitling a person to be trusted in buying or borrowing: Your credit is good.
  7. influence or authority resulting from the confidence of others or from one’s reputation.
8. time allowed for payment for goods or services obtained on trust: 90 days’ credit.
9. repute; reputation; esteem.
  10. a sum of money due to a person; anything valuable standing on the credit side of an account: He has an outstanding credit of $50.
  11. Education .

a. official acceptance and recording of the work completed by a student in a particular course of study.
  12.Bookkeeping .

a. an entry of payment or value received on an account.
b. the right-hand side of an account on which such entries are made ( opposed to debit).
  an entry, or the total shown, on the credit side.
  13. any deposit or sum of money against which a person may draw.

Have good credit and life is much easier. Take this quiz and leave me your answers in the comments, like this  (1. T – F  2. T – F) etc. and in a day or two I will post the answers and continue on this CREDIT journey. Or not if you tell me i’m full of shit and you want me to shut up on this topic.

1. It is impossible to change what’s in your credit report.


2. You have to make a lot of money to have a good credit score.


3. Paying cash for every purchase hurts your credit.


4. You have multiple credit scores.


5. It takes 7 years to fix a poor credit score.


6. Keeping old credit card accounts open can improve your credit score.


7. When you get married, your credit score is merged with your spouse’s.


8. Checking your credit report can hurt or lower it.


9. Credit scores and credit reports are two different things.


10. Bankruptcy is a “fresh start” for troubled credit.



Filed under Current events, Financial opinons, Life, Marriage

25 responses to “Credit 101.1 QUIZ

  1. I’ll give this a go:
    1. T
    2. F

    I never liked T/F questions on test–always did better on essays,,,

  2. 1 F
    2 F
    3 This is neither true or false. Cash thing to your credit, but if you’re trying to build/rebuild credit, it doesn’t help at all.
    4 T
    5 F
    6 This is both true and false. Depending on how many lines of credit you have this can either benefit you or cause you issues.
    7 F
    8 F
    9 T
    10 F

  3. RC

    I’m afraid to answer, but here goes:
    1. F
    2. F
    3. idk
    4. F
    5. F
    6. F
    7. T
    8. F
    9. T
    10. T
    now I neverously await the results 😦

    • What’s up Playboy! How about them Yankees. Hey how’s the weather out there in Jamaica. Let’s forget about this silly quiz, whats in a score anyway so what else can we talk about?

      • RC

        LOL … I’m papi. I’ve been quite delinquent in reading my friends’ blog posts. I’m tryna catch up. Weather is fine. Nothing dramatic like a tornado o_O I guess I flunked that quiz. I’m not use to flunking 😦

        Are you gonna watch Hunger Games when it hits the theatres?

        • Ha, Ha never said you flunked. Everybody is doing quite well, we are just having some laughs on the comments. I can’t give out the answers just yet because then the fun will stop. I did get 100% but I haven’t approved the comment yet. The answers are coming with the next post with lots of facts and links to help some of our younger readers. YES! on hunger games! A little thing I have done with my family is that I have dedicated my time to be with my family no matter what. So every Sunday or Sat. morning until 1:00pm I am all theirs to do what ever they want me to do. We have a family breakfast and then see the first showing at our local theater. Now that the kids are gone I still do it with my wife. This weekend is the hunger games!

  4. 1. F
    2. F
    3. T
    4. T
    5. F
    6. T ?
    7. T
    8. T
    9. T
    10. F
    I don’t know whether I got any of these right. If I did, I’d be surprised since my credit is wretched and yeah I know it’s my own dumbass fault! I am interested, though, to see what you post next about this.

    • Nice job kiddo! No you did not get them all, but at least your not riding on the little bus. Ha, Ha I think I am going to delete the comments because I don’t think I will get many quiz takers because they will be scarrrreddd of my fun remarks. And I really want some contributions from my readers.

      • Well, I wasn’t scared. I love your comments. I understand what you mean however, and agree, you might scare off a few folks. I really want to see how other people respond to this too. I can’t wait for more!

  5. 1-f
    3-f (not exactly)

    did I get any right?

  6. 1. T
    2. F
    3. T
    4. F
    5. T
    6. F
    7. T
    8. T
    9. F
    10. F

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