Describing Credit Scores Quiz

What are the five categories used to determine an individual credit scores.

Borrowing money, or having the right to borrow money to by something.

A summary of your credit activity and current credit situation such as loan paying history an the status of your credit accounts.

A number created from a scoring model that uses information from your credit history

An organization or person that lends money with expectation that will be repaid, generally with interest.

Money that need to be repaid by the borrower, generally with interest.

A loan that requires the borrower to provide collateral.

Loans that require no collateral, so the bank or lending institution is trusting the borrowers will repay

Car

Personal Loan