Credit Scores & Services
Money access provided by a lender with a promise of repayment.
What is Credit?
A widely accepted medium of exchange used to buy goods/services now.
What is Money?
How a person plans, tracks, and repays money they owe.
What is Debt Management?
Legal process for people who cannot repay debts.
What is Bankruptcy?
Mr. McCarson's Hall Pass
What is the Blue Fan?
Borrowing a fixed amount once, and repay in equal payments over a set term.
What is a Loan?
The ability to borrow based on trustworthiness your “permission” to use someone else’s money now and repay later.
What is Credit?
How risky you appear to lenders—how likely you are to repay what you borrow on time and in full.
What is Credit Worthiness?
Applying for credit, and can lower credit score.
What is a Hard Inquiry?
When WWII ended.
When is 1945?
A reusable credit line up to a credit limit, and the balance can carry month to month.
What are Credit Cards?
Money that must be accepted to pay debts under U.S. law generally U.S. coins and currency.
What is Legal Tender?
A record of your credit history.
What is a Credit Report?
Checking your own credit, and has no impact.
What is a Soft Inquiry?
The 26th President.
Who was Teddy Roosevelt?
Not-for-profit financial cooperatives owned by members.
What are Credit Unions?
Pulls money from your checking account immediately or within a short processing window.
What is a Debit Card?
A number that summarizes credit risk; lenders use it to make quick decisions.
What is Credit Score?
How much you owe compared to what you earn.
What is DTI?
The percentage of the atmosphere that is Oxygen.
What is 21%?
A small-dollar short-term loan due on your next payday or auto-debit.
What are Payday Loans?
A revolving line of credit; you borrow for purchases and repay later.
What is a Credit Card?
The most widely used credit scoring model.
What is a FICO Score?
How suitable someone is to receive credit.
What is Creditworthiness?
How far the moon is from the earth.
What is 238,900 mi?