Credit Reports

Borrower

A person who takes a loan from a bank or credit union and agrees to pay it back.

Lender

A financial institution (bank, credit union, etc) or a person who loans out money.

Credit Report

A detailed list of transactions regarding a person's history in borrowing and paying back money.

Credit Inquiry

When a person or company looks at your credit report to decide whether to approve or deny a loan or application.

Dropdown

When a person or a company looks at your credit report in order to make a decision: ​

Select answer

Dropdown

A person who takes and uses a sum of money under an agreement to pay it back

​

Select answer

Dropdown

A detailed list of transactions regarding a person's history in borrowing and paying back money

​

Select answer

Dropdown

A bank, financial institution, or person who loans out money.

​

Select answer

• Personal Information (full name, birthdate, address, employer, social security number)

• Negative Items (late payments)

• Open accounts (car, credit card, mortgage)

• Requests for Credit History (amount of times a company has looked up your credit report)

What's on a Credit Report?

Negative items (late payments) stay in your credit report for 7 years!

Multiple Select

What type of accounts will appear on a Credit Report?

• Credit Cards

• Money borrowed from grandparents

• Mortgage

• Money borrowed from a friend

• Car Loans

Multiple Select

Which of these will appear on a credit report?

• Full Name

• Number of siblings

• Address

• Social Security Number

• Employers

Multiple Choice

A credit report states whether or not a lender should allow you to borrow money.

• False

• True

Drag and Drop

If I don't pay my rent, it will appear on my credit report.

​

Placeholder

Drag these tiles and drop them in the correct blank above

Yes

No

Dropdown

Children are responsible for their parent's credit history.

​

Select answer

Drag and Drop

Late payments will appear on my credit report.

Placeholder

Drag these tiles and drop them in the correct blank above

True

False

Multiple Choice

A credit report will have my personal information like my name, address, and employer.

• True

• False

Multiple Choice

If I pay my mortgage late, how long will that stay on my credit report?

• Forever

• 7 years

• 1 year

• 5 years

Categorize

Options (8)

Pay bills ontime

Late payments

Steady income

Regular job

Low or no balances

High balances

Owing a lot of money

New Job

Organize these options into the right categories

Good Credit Score

Bad Credit Score