Credit Report & Scores

Front

A record of the borrower’s past loan and credit‐related transactions is called a

Back

credit report

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

Maintaining a reasonable amount (70% or more) of unused credit.

Back

This creates POSITIVE credit

Front

Always paying bills late.

Back

This creates NEGATIVE credit

Front

Submitting numerous credit applications in a short period of time.

Back

This creates NEGATIVE credit

Front

Checking credit reports annually to search for mistakes.

Back

This creates POSITIVE credit

Front

Which of the following is NOT on a credit report? Late medical payments, Repayment history, Public records

Back

Bank account balances

Front

A negative credit report may impact an individual’s ability to receive all of the following EXCEPT? Insurance, Apartment, Loan, Traffic ticket

Back

Traffic ticket

Front

Hard inquiries stay on a credit report for....

Back

2 years