Glossary of Terms- Credit Score and Credit Report Unit

What is the official website for getting a free credit report from the credit bureaus?

• FreeCreditScore.com

• CreditReportNow.com

• CreditCheckCentral.com

• AnnualCreditReport.com

What is the term for a person requesting a loan?

• Borrower

• Creditor

• Debtor

• Lender

Which companies collect information from creditors & lenders about consumer behavior?

• Equifax, Experian and TransUnion

• Credit Karma, Credit Sesame and WalletHub

• ChexSystems, TeleCheck and Early Warning Services

• FICO, VantageScore and Beacon

What is the term for a service that helps consumers pay their debts and improve their credit?

• Bankruptcy Filing

• Debt Settlement

• Credit Repair

• Credit Counseling

What is another term for a credit report?

• Credit History

• Credit File

• Credit Limit

• Credit Score

What is the total amount that a company will allow an individual to charge to a credit card?

• Credit File

• Credit Limit

• Credit History

• Credit Score

What records are included in a credit report?

• Consumer name, addresses, employment, credit and loan histories, inquiries, collection records, public records

• Only inquiries and collection records

• Only consumer name and addresses

• Only credit and loan histories

What is a number based on a consumer’s credit history used by businesses to understand how risky a borrower is?

• Debt-to-Available-Credit Ratio

• Interest Rate

• Credit Score

• Principal

What is the amount of money owed?

• Principal

• Interest

• Debt

• Credit Limit

What ratio measures how much of your available credit you are using?

• Interest Rate

• Debt-to-Available-Credit Ratio

• Credit Score

• Principal