Glossary of Terms- Credit Score and Credit Report Unit

Front

What is the official website for getting a free credit report from the credit bureaus?

Back

AnnualCreditReport.com

Front

What is the term for a person requesting a loan?

Back

Borrower

Front

Which companies collect information from creditors & lenders about consumer behavior?

Back

Equifax, Experian and TransUnion

Front

What is the term for a service that helps consumers pay their debts and improve their credit?

Back

Credit Counseling

Front

What is another term for a credit report?

Back

Credit File

Front

What is the total amount that a company will allow an individual to charge to a credit card?

Back

Credit Limit

Front

What records are included in a credit report?

Back

Consumer name, addresses, employment, credit and loan histories, inquiries, collection records, public records

Front

What is a number based on a consumer’s credit history used by businesses to understand how risky a borrower is?

Back

Credit Score

Front

What is the amount of money owed?

Back

Debt

Front

What ratio measures how much of your available credit you are using?

Back

Debt-to-Available-Credit Ratio