Personal Finance: Credit Unit Review

Front

Lowest cost of borrowing for $1,000

Back

A personal loan with a 7% interest rate and collateral

Front

Credit card grace period

Back

20 days to pay the full balance to avoid interest

Front

Major credit reporting agency

Back

Experian

Front

Entities that can legally access your credit report for risk evaluation

Back

Insurance companies

Front

Benefits of a good credit score

Back

It may qualify you for lower interest rates

Front

Importance of regular credit report review

Back

To detect identity theft

Front

Factor that most significantly impacts credit score

Back

Payment history (late vs. on time)

Front

Action to improve credit score

Back

Making timely credit card payments

Front

Secured loans typically have lower rates due to collateral.

Back

Secured versus unsecured loans

Front

Auto loans and mortgages typically require down payments.

Back

Credit types requiring down payments