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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  
Credit Report   a record that details a person's credit history  
Credit History   a record of a person's borrowing and repayment activity  
FICO   the most commonly used credit score in the United States  
Credit Bureaus   companies that collect credit information about individuals  
Credit Risk   how likely or unlikely you are to pay back money loaned to you  
Debt   money you owe  
Identity Theft   when someone steals your private information and uses it to make unauthorized purchases  
Installment Loan   a loan with equal number of payments of the same amount over a fixed period of time  
Interest Rate   the percentage of a loan amount you pay in order to borrow the money  


   






 
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Created by: tmikels52