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

• credit score

• credit card

• credit report

• open end credit

A loan of a certain amount of money that a borrower must repay in a specified number of equal payments.

• open-end credit

• close-end credit

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.

• tax lien

• credit report

• credit history

• credit

A person or organization who makes funds available to borrow.

• lender

• borrower

Maintaining a reasonable amount of unused credit.

• This creates POSITIVE credit

• This creates NEGATIVE credit

Always paying bills late.

• This creates POSITIVE credit

• This creates NEGATIVE credit

Submitting numerous credit applications in a short period of time.

• This creates POSITIVE credit

• This creates NEGATIVE credit

Checking credit reports annually to search for mistakes.

• This creates POSITIVE credit

• This creates NEGATIVE credit

Which of the following is NOT on a credit report?

• Late medical payments

• Repayment history

• Buying habits (what you are buying)

• Public records

A negative credit report may impact an individual’s ability to receive all of the following EXCEPT?

• Insurance

• Apartment

• Loan

• Traffic ticket