Credit, Credit Cards, and Car Loans

Front

What is debt?

Back

Something, typically money, that is owed or due

Front

What is a credit score?

Back

a number between 300 and 850 representing your creditworthiness, a statistical number that evaluates a consumer's creditworthiness and is based on credit history, Often referred to as a FICO score.

Front

What is a credit report?

Back

A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness.

Front

When I apply to borrow money for a car, the loan company will most likely look at my credit history.

Back

True

Front

My landlord can report my failure to pay rent to a credit reporting agency.

Back

True

Front

I should review my credit report for errors.

Back

True

Front

A credit report contains my personal information such as my address and social security.

Back

True

Front

A bad credit report cannot affect my chances of getting a job.

Back

False

Front

Your credit score is not configured off of which of the following: Payment history, Amount of money owed, Grades in School, Length of credit history?

Back

Grades in School

Front

Paying my bills late could negatively affect my credit history.

Back

True