Credit score
what is a bad credit score?
300
What is a thin file?
some one with little to no history.
How is your credit score calculated
Payment history
What is the percentage of your payment history?
35%
what is a good credit score?
670 to 740
What does APR mean?
Annual Percent Rate
What is a credit report?
a statement that has information about your credit activity
What is the percentage of how much you owe?
30%
what might happen if you have a bad credit score?
you might have more trouble taking out a credit card, car loan, or mortgage
What is bankruptcy?
A legal process to get out of debt when you can no longer make all your required payments.
Do loans boost your credit score?
Yes, if you make your payments on time it could increase your credit score.
What is the percentage of credit history length?
15%
what is the reason some companies look at your credit score?
what is a co-signer
A person who is equally responsible for paying back debt under the credit terms.
What percentage show your credit utilization rate be?
30%
What is the percentage of your credit mix?
10%
definition of credit?
A sum of money deposited into an account
Definition of a loan?
A sum of money that is borrowed
What is a credit report?
detailed report of an individual's credit history
What is the percentage of your new credit?
10%