Credit reports

Front

A record of a consumer's credit history

Back

Credit Report

Front

How long will Inquiries remain on your credit report?

Back

Two years

Front

Closed‐end Credit

Back

A loan of a certain amount of money that a borrower must repay in a specified number of equal payments. Also known as installment credit. Example: automobile loan, education loan, mortgage

Front

Open‐end Credit

Back

A line of credit established in advance so that a borrower does not have to apply for credit each time new credit is desired. Also known as revolving credit Example: credit card

Front

How long will Late or missed payments remain on your credit report?

Back

Seven Years

Front

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

Back

A traffic ticket

Front

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

Back

Buying habits

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

A person or organization who makes funds available to borrow.

Back

Lender

Front

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

Back

Credit History