Credit Scores
This part of a credit score is 35% of the total score and pertains to your timeliness.
What is PAYMENT HISTORY?
This term describes the total amount borrowed.
What is PRINCIPAL?
This "C" pertains to the moral integrity of a borrower.
What is CHARACTER?
A credit card is not money, but rather this.
You should only borrow money if you are confident that you can do this thing.
What is PAY IT BACK?
This part of the credit score makes up 30% of the total score and pertains to quantity.
What is AMOUNTS OWED?
This is a signed document to legally establish a loan between two individuals.
What is a PROMISSORY NOTE?
This "C" pertains to the likelihood that your income will continue to be or won't be reliable in the future.
What is CONDITIONS?
What is BILLING CYCLE?
In order to finance a large purchase, you must ensure that you have a good one of these.
What is CREDIT HISTORY or CREDIT SCORE?
This part of the credit score is 15% of the total and pertains to duration.
What is LENGTH OF CREDIT HISTORY?
This is a specific name for a contract pertaining to a home loan.
What is a MORTGAGE?
This "C" pertains to the ratio of your total debs to your total income.
What is CAPACITY?
Some credit cards have these, which often come with cash back rewards or travel credits.
What are ANNUAL FEES?
The four major credit card networks in the US include Visa, Mastercard, Discover and this.
What is AMERICAN EXPRESS?
This part of the credit score is 10% of the total and pertains to frequency.
What is APPLICATIONS?
This is the term for the date by which the loan must be fully repaid.
What is MATURITY DATE?
This "C" pertains to your net worth, namely your assets minus your liabilities.
What is CAPITAL?
What is UNPAID?
This is a chart which describes how much of the principal and interest get paid with each payment.
What is an Amortization Table.
This part of the credit score is 10% of the total and pertains to variety.
What is CREDIT MIX?
This is another name for the interest that must be repaid on a loan.
What is a FINANCE CHARGE?
This "C" pertains to what you have of value that the lender could resell if you failed to pay your loan in a timely manner.
What is COLLATERAL?
These will be charged if you fail to make a payment on time or fail to make the minimum payment on your credit card.
What are PENALTIES?
What is a CASH ADVANCE?