Credit Report
Name 3 most Common Credit Bureaus
TransUnion, Experian, and Equifax
What does the Credit Score range from?
300-850
What are the 5 factors that go into your credit score
Payment History, Amount Owed, New Credit, Length of Credit, Credit Types
How many credit reports can you have a year for free
1
Difference between Open ended and Closed ended credit
Open-ended credit allows you to borrow and repay funds repeatedly
Closed-end credit is a one-time loan with a fixed repayment schedule
What is the difference between a Credit Report and Credit Score
Credit Report is going to be the details of your credit history
Credit Score is the a mathematical analysis obtained from your credit report to calculate a score
What factor takes up the largest percentage of your credit score
Payment History
What are our names, and what branch do we work for?
Brandie-Lyn and Sofia, and we work for Camp Foster/Futema
Name 1 form of an open-ended credit
Name 1 form of closed-ended credit
Credit Cards, Home Equity Lines of Credit, Personal Lines, of Credit, Store Charge Cards
Auto Loans, Personal Loans, Mortgages, or Student Loans
What are the two scoring agencies
FICO and VantageScore
What are the percentages for each factor that makes up your score
Amount Owed (30)
Length of Credit (15)
New Credit (10)
Types of Credit (10)
What does the FICO abbreviation stand for
Fair Isaac Corporation