Credit Reports
A document that contains your credit history
What is a credit report
True or False....Can you improve your credit report or will it remain the same.
True
A new loan that you use to pay off some or all of your debts.
What is a debt consolidation loan.
Once a year fee for owning a credit card
What is an annual fee
Numbers based on information in your credit report.
What is a Credit Score
One factor affecting your credit score.
What is your repayment history.
Paying bills on time.
True or False...Setting up automatic payments can improve your credit score.
True
A reporting agency that collects information on consumer credit usage.
What is the Credit Bureau
True or False...Do cell phone companies check your credit report.
True
A credit inquiry which does not affect your credit score
What is a soft inquiry
A credit card which requires a cash deposit which becomes your credit limit.
What is a secured credit card.
A contract agreement in which a borrower receives a sum of money or something of value and repays the lender at a later date, generally with interest.
What is credit
One option for improving your credit score.
What is paying your bills on time.
A good credit rating.
What is 740 and above.
True or False...There is a time limit for reporting negative information on your credit report.
False
A credit inquiry which may affect your credit rating
What is a Hard Inquiry.
What does the acronym APR stand for.
What is the Annual Percentage Rate
Types of credit reports
Equifax, Experian, TransUnion
Ways to file s credit dispute.
What is online or via mail.