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Fixing Your Credit

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Credit Score   a numerical rating of your credit-worthiness  
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Credit Report   a record that details a person's credit history  
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Credit History   a record of a person's borrowing and repayment activity  
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FICO   the most commonly used credit score in the United States  
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Credit Bureaus   companies that collect credit information about individuals  
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Credit Risk   how likely or unlikely you are to pay back money loaned to you  
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Debt   money you owe  
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Identity Theft   when someone steals your private information and uses it to make unauthorized purchases  
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Installment Loan   a loan with equal number of payments of the same amount over a fixed period of time  
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Interest Rate   the percentage of a loan amount you pay in order to borrow the money  
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Created by: tmikels52
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