Credit Reports & Loans

Front

What is a person or business that loans money?

Back

Lender

Front

What is a number that rates a person's creditworthiness?

Back

Credit score

Front

What are the main 3 credit reporting agencies?

Back

Equifax, Experian, and Transunion

Front

What is the legal process when a person is unable to repay outstanding debts?

Back

Bankruptcy

Front

What is the repayment of a loan principal over the loan period called?

Back

Amortization

Front

What is a detailed report of an individual's credit history?

Back

Credit report

Front

What is the term for the amount of money borrowed or the amount still owed on a loan?

Back

Principal

Front

What is the process of collecting overdue debts called?

Back

Debt collection

Front

What is the term for the legal right of a lender to take possession of a property if the borrower fails to repay a loan?

Back

Foreclosure

Front

What is a person who agrees to pay a loan if the primary borrower defaults?

Back

Cosigner