5 C's of credit
"one's ability to pay" debt to income ratio
Capacity
35% of your credit score is made up by
Payment History
Your name and birthday is an example of what part of your credit report
Personal Identity Information
Credit Cards is an example of what type of credit
Revolving Credit
In chess, what direction can a bishop move?
Diagnolly
Interest rate and amount of principle
Conditions
when someone asks for your credit report/score
Credit Inquiries
New Credit is an example of what part of your credit report
Inquiries
true or false you have to have collateral for a Secured loan
True
What is the longest running American animated TV show?
The Simpsons
Credit History is an example of what C
Character
15% of your credit score is made up by
Credit Ages
Payment History is an example of what part of your credit report
Collections
full payment each month is an example of what credit
Open credit
What celebrity was the world’s first cloned animal, a sheep, named after in 1996?
Dolly Parton
Value of something put up against a loan
Collateral
mutual funds and retirement accounts are examples of
Credit Mix
Current Credit is an example of what part of your credit report
Trade Lines
true or false Unsecured loans don't have higher interest rates than Secured Loans
False
How many colors will you find in a regular bag of M&Ms?
Six
Personal assets(own)
Ex. home, land, cash
Capital
30% of your credit score is made up by
Credit Utilization
Legal Issues is an example of what part of your credit report
Public Records
A loan includng 1 fixed payment schedule for a specific duration is an example of what credit
Installment Credit
What is the name of the solar event that occurs on March 20th or 21st of each year?
The Vernal Equinox