Credit score
lower interest rates increased loan acceptance
what are the advantages of high credit rating ?
what is the number score that acts like a grade on how well you handle your money ?
credit score
high credit rating is better than low credit rating.
true
name two types of loans
student loan and personal loan mortgage cart loan
how many credit bureau's are there ?
3
something of value that is given to secure repayment
collateral
the credit bureau's decide whether or not you should be approved for credit
f
interest rate, term, principal
what is the motto of credit?
"buy now, pay later"
maximum amount of credit that you have available to you
line credit
there are ways for individuals to check their credit scores without applying for credit
true credit karma
the amount of money that is barrowed
what is the principal?
list three things that can negatively affect your credit
use available credit later or missed payments having your credit score checked
organization that gathers financial information on individuals computes credit scores
credit bureau
credit companies only report to reporting bureaus when i apply for credit
f
what is the total amount of money that will be repaid on a loan for $1200 with a %7 interest rate over 4 years
1,536