Chapter 17 Credit Rating and Laws

Treating people differently based on prejudice rather than individual merit

• Fairness

• Discrimination

• Cosigner

• Capacity

The total of assigned points used to determine the likelihood that you will repay the debt as agreed

• Credit rating

• Credit score

• Points system

• Credit report

The financial ability to repay a loan with present income

• Character

• Capacity

• Creditworthy

• Cosginer

The complete record of your borrowing and repayment performance

• Credit rating

• Credit history

• Credit report

• Credit score

Someone who promises to pay if the borrower fails to pay

• Character

• Cosigner

• Subscriber

• Not this one

Businesses that pay a monthly fee to the credit bureau for access to information about customers

• Characters

• Cosigners

• Subscribers

• Not this one

A written statement of a consumer's credit history, issued by a credit bureau to businesses

• Credit history

• Credit score

• Credit report

• Credit rating

A responsible attitude toward honoring obligations, often judged on evidence in the person's credit history

• Capacity

• Character

• Creditworthy

• Cookie monster

A person or company hired by a creditor to collect the overdue balance on an account

• Credit bureau

• Debt collector

• Auditor

• Cosigner

A method of evaluation in which points are assigned by a credit bureau based on several factors

• Credit score

• Point system

• Credit rating

• Capacity