credit reports and scores
Authored by Niah Renee
Professional Development
9th - 12th Grade
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61 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
someone who receives something with a promise to return it or its equivalent
borrower
credit report
Oprah Winfrey
tax lien
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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.
borrower
credit report
closed-end report
tax lien
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
businesses hired by lenders to pursue payments on debts that borrowers have not paid back according to the terms of the credit contract
borrower
collection agency
closed-end report
tax lien
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
a person who is equally responsible for paying back debt under the credit terms
borrower
collection agency
closed-end report
co-signer
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
refers to goods, services, and/or money received in exchange for a promise to pay back a definite sum of money at a future date
credit
collection agency
closed-end report
co-signer
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
a record of the borrower's past loans and credit-related transactions
credit
collection agency
credit history
co-signer
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
the maximum dollar amount that can be borrowed
credit
collection agency
credit history
credit limit
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