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

Front

When goods, services, and/or money is received in exchange for a promise to pay back a definite sum of money at a future date.

Back

Credit

Front

A person or organization who makes funds available to borrow.

Back

Lender

Front

A legal claim by a government entity to take an individual’s property or income when their taxes are not paid in full.

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