category
Number of years you have had credit
What is Credit History
Credit Score
What is the number score that acts like a grade on how well you handle your money?
True or false a high credit rating is better than a low credit rating.
True
The portion of available credit that you are using
What is Amounts Owed
collateral
Something of value that is given to secure repayment.
True or false if you can't pay your bills on time, you should just stop answering the phone or screen your calls.
false
Checking your credit score or opening new credit accounts
What is New Credit
line of credit
Maximum amount of credit that you have available to you.
True or False the credit bureau's decide whether or not you should be approved for credit.
false
Auto loans, mortgages, credit cards, retail accounts
What is Types of Credit
credit bureau
Organization that gathers financial information on individuals and computes credit scores.
True or false credit companies only report to reporting bureaus when I apply for credit
False
History of making payments on loans and credit cards
What is Payment History
cosigner
Two or more signers for one loan. Often used when one person's credit score or income is too low to receive a loan on their own.
missed payments can cause bad credit score
true