Personal Finance: Credit Reports and Scores

Front

A record of the borrower’s past loan and credit-related transactions.

Back

Credit History

Front

A loan of a certain amount of money that a borrower must repay in a specified number of equal payments.

Back

Closed‐end Credit or Installment PMT

Front

A person or organization who makes funds available to borrow.

Back

Lender

Front

What is the term for a government's legal right to seize property when taxes are unpaid?

Back

Tax Lien

Front

Maintaining a reasonable amount of unused credit will create

Back

Positive credit

Front

Routinely paying bills late will create

Back

Negative Credit

Front

Numerous credit applications in a short period of time will create

Back

Negative Credit

Front

Checking credit reports annually to search for mistakes will create

Back

Positive credit

Front

Having many of the same types of credit accounts will create

Back

Negative Credit

Front

What information is typically excluded from a credit report? Options: Credit inquiries, Employment history, Shopping preferences, Account balances

Back

Shopping preferences