What is...
A number that shows your ability to pay back a loan.
What is a credit score?
Shop around, complete a credit application, and wait for approval.
What is obtaining a credit card?
A high credit score can affect interest rates.
What is lower interest rates?
A low credit score can affect interest rates.
What is higher interest rates?
The minimum age for a credit card.
What is 18 years old?
Highest credit score possible.
What is 850?
The best way to maintain your credit score.
What is paying credit card bills on time?
High credit scores can affect one's loan limit.
What is larger loan limit?
Payments not being made on time.
How to ruin your credit score?
Staying with credit cards for a long period of time.
How to build your credit score?
The lowest credit score possible.
What is 300?
Easiest way to get approved for a new credit card.
What is a good credit score?
A benefit of a high credit score that can be redeemed, specifically with credit cards.
What is membership rewards?
Insurance companies worry that people with bad credit will not pay their premiums, which then affects the price of said premiums.
What is higher insurance premiums?
Issuers will require this when you're applying for a credit card, it makes sure you are able to keep up with your payments.
What is proof of source of income?
The acronym R.U.R stands for...
What is Revolving Utilization Rate?
Best way to view your credit score.
What is checking your bank account?
The ability to spend more on one's credit card due to a high credit score.
What is a higher credit limit?
Low credit scores can even affect one's housing situation, especially if your potential landlord requests to see it when you want to rent an apartment.
What is a lower approval rates?
An offer in which issuers have pre-screened you for eligibility.
What is being preapproved?
The maximum the R.U.R should be.
What is 10%?
A way to be approved for new cards.
What is having a good APR?
Employers can look into your credit score/history which can affect your application process.
What is approval for certain jobs?
Due to a bad credit score the process of obtaining loans can be affected.
What is loan applications being rejected?
A record of a borrower's reliability of payments.
What is credit history?