credit reports and score vocab
Authored by Jeb Allen
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1st Grade
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60 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
someone who receives something with a promise to return it or its equivalent
credit
borrower
collection agency
credit score
2.
MULTIPLE CHOICE QUESTION
30 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
credit history
lender
tax lien
closed-end credit
3.
MULTIPLE CHOICE QUESTION
30 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
lender
lenders
credit reporting agencies
collection agency
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person is equally responsible for paying back debt under the credit terms
lender
tax lien
credit score
co-signer
5.
MULTIPLE CHOICE QUESTION
30 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
credit reporting agencies
credit score
credit report
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a record of the borrows past loans and credit related transactions
foreclosure
credit limit
open end credit
credit history
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a maximum dollar amount that can be borrowed
credit score
credit report
credit limit
credit
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