Credit
A base of information predicting a value of the likelihood of payment, listed as a score
A Time Period Covered by a Statement
What is an Account Billing Cycle?
The first step in improving your credit
If you are a victim of identity theft, you may need to request an initial
What is a Fraud Alert?
Fico Exceptional score
What is 800-850
Contains
Personal Identify Information
Public Records
Credit Accounts
Inquiries
What is in a Credit Report?
The credit remaining on your account
What is Credit Available?
Contacting your Creditors and sending Letters to dispute a Credit bureau error.
Time frame a missed payment stays on your credit
What is 7 Years?
Vantage Exceptional score
What is 750-850
Experion - Transunion - Equifax
What are Credit Bureaus?
What you owe now based on your previous payment/balance?
What is a New Balance?
This is step 4 in Improving your credit
What is Follow Up?
A tool that lets you restrict access. Must be done with each reporting agency
Fico Good Score
Vantage Good Score
What is 670-739
What is 700-749
A lock on your Financial Information, Access to your Credit accounts,
What is a Credit Freeze?
The date a creditor must receive at least your minimum payment
What is Monitor your Credit?
This is a Credit reporting agency product but not a right provided by law
What is a Credit Lock?
What is 300-549
Credit Reports and Scores are used a a factor in this. Lenders set interest rates and other terms based on this.
What is Risk Based Pricing?
A Table that shows how long it will take to pay off the new balance over a time period
What is a Minimum Payment?
Identify Problem areas on your credit report. Set goals and celebrate when reaching a milestone.
What is Improve your Behavior
A non profit consumer credit service.
A housing counseling Agency
A financial Education counseling coaching non profit
Repairing Credit and Consolidating Debt
Fico Very Poor score
What is 300-579