Credit 1
Credit Cards
Loan IQ
Credit 4
Credit 5
100
The lower your credit score the higher the ______ rate
you will pay on loans
Interest
100
An instant monthly deduction towards your credit balance
Auto Pay
100
A yearly fee that may be charged for having a specific credit card, independent of how you use the card
Annual Fee
100
The cost you pay each year to borrow money, including fees, expressed as a percentage
Annual Percentage Rate (APR)
100
A plastic card that allows you to make purchases now with borrowed money, which then you must repay to the lender in one lump sum or in monthly payments with interest
Credit Card
200
A number that reflects your financial responsibility
Credit Score
200
The total amount spent on your credit card
Balance
200
Something valuable that the lender can take as payment if you can't or don't repay your secured loan
Collateral
200
Someone who legally agrees to take responsibility for a person's debt if they cannot repay it
Cosigner
200
A list of past financial behaviors
Credit Report
300
This 3 numbered code appears on the back of most debit and credit card. For American Express, it is 4 numbers.
What is CVC or CVV code
300
The maximum amount that may be borrowed on a credit card
Credit Card Limit or available balance
300
The amount you owe as the cost of borrowing money
Interest
300
A method to getting your credit started with the help of someone else
Authorized user
300
The smallest amount of a credit card bill that a credit card holder must pay during a billing cycle to remain in good standing with the lender
Minimum Payment
400
The monthly payment made on a house; used by individuals and businesses to make large real estate purchases without paying the entire value of the purchase up front
mortgage
400
The number of days between your last bill and your current bill. Usually 28-31 days.
Billing Cycle
400
A continuous loan based on spending and repayment
Revolving loan
400
The intial starting point of your credit
Nothing
400
The 3 Bureaus that create credit scores
Experian Transunion Equifax
500
A not-for-profit financial institution that is owned by its members and organized for their benefit
Credit Union
500
The type of credit card that you provide the backing for
Unsecured Credit Card
500
The table that appears below reflects 
Terms or contract for the loan or product
500
The highest credit score one can have
850
500
The aspect that makes us the most of your credit score
Payment history