Credit Cards
age requirement to apply for a credit card
What is 18 years old?
trustworthiness and willingness to repay debt
What is character?
usual range for credit score
What is 300-850?
damaged credit score can lead to this
What is decreased likelihood of getting a house or car loan?
card that became Visa
What is the BankAmericard?
place to apply for a credit card
What is online, through a bank, or credit union?
ability to comfortably make payments
What is capacity?
rating name for a credit score between 580 and 669
What is fair?
category that credit cards fall under because of total ownership by a couple companies
What is oligopoly?
What is General Motors?
amount you pay to use a credit card for a year
What is Annual fees?
includes savings, investments, and net worth
What is capital?
year the FICO score started
What is 1989?
3 examples of types of fees
What are late fees, annual fees, and payment fees?
the year that Diner Clubs introduced modern credit cards
What is 1950?
exception for checking credit history
What is very entry level cards?
assets you pledge to secure the loan
What is collateral?
percentage of lending decisions FICO makes up
What is 90%?
number of Credit cards leaked in data breach
What is 210,000
decade that the first building and loans societies emerged to provide mortgages
What is the 1830s?
interest you pay each year
What is Annual percentage rate?
comparison between your gross income against recurring debts
What is your debt-to-income ratio?
3 companies(not FICO), that make up the vantage score
What is Equifax, experian, TransUnion?
things leaked in the data breach by Equifax
What are social security numbers, phone and email address, and credit card numbers
first years of recorded credit systems
What is 1750 BC?