Ch. 7 Credit Cards

a number assigned to a person that indicates how likely they are to repay a loan.

• Credit Limit

• Credit Score

• Credit Report

• Hard Credit Check (credit inquiry)

a statement of a person's credit activity, accounts and credit score.

• Credit Score

• Credit Utilization

• Statement Closing Date

• Credit Report

the amount of credit a person is using compared to their credit limit.

• Credit Utilization

• Installment Loan

• Credit Score

• Credit Report

the maximum amount of money a person can borrow.

• Credit Report

• Hard Credit Check (credit inquiry)

• Credit Utilization

• Credit Limit

the last day of a person's billing cycle and the day the statement is sent to the person.

• Credit Utilization

• Installment Loan

• Statement Closing Date

• Hard Credit Check (credit inquiry)

a request by a bank or other institution to view a person's credit report

• Credit Report

• Hard Credit Check (credit inquiry)

• Installment Loan

• Credit Score

a fixed amount of money to be repaid on a set schedule.

• Installment Loan

• Credit Utilization

• Credit Report

• Credit Limit