What is Credit?
The ability to get loans & lower interest rates.
What is credit?
A loan you must pay back.
What is debt?
Cards that allow you to borrow loans.
What are credit cards?
The highest credit score you can get.
What is 850?
A person gets a report of their credit history. Name the report.
What is a credit report?
A flexible arrangement of credit with a limit.
What is revolving credit?
This certain type of debt doesn't have a collateral.
What is unsecured debt?
You have these many days to issue a credit card statement error.
What are 60 days?
The lowest credit score you can get.
What is 300?
A person uses these 3 major credit bureaus. Name them.
What are Equifax, TransUnion, & Experian?
A fixed amount of monthly payments.
What is installment credit?
This certain type of debt has a collateral.
What is secured debt?
A check that occurs when you apply for a new credit card.
What is hard pull?
What is FICO?
A person spends money on the things that utility bills account for.
What are gas, water, telecommunications, & electricity bills?
The amount of credit types.
What are 3?
This type of debt can be borrowed & repaid as much as needed.
What is revolving debt?
A utilization ratio that compares the amount of credit used to your total limit.
What is credit utilization?
The average credit score in the USA.
What is 715?
Bills that cost the same amount monthly.
What are "fixed" essential bills?
This type of credit doesn't have a limit & needs full payment of the end of a billing cycle.
What is open credit?
An amount of money borrowed that's repaid monthly.
What's installment debt?
These rewards are usually used for free flights.
What are travel points?
This category makes up 35% of your credit score.
What is payment history?
A person goes shopping to spend their money on optional expenses, or wants. Name the type of bills.
What are discretionary bills?