Credit Vocab and Credit Reports

A number that predicts the likelihood that a debt will be repaid on time.

• Credit Score

• Credit Report

• Secured Credit Card

• Credit-Builder loan

Shows your bill payment history, current debt and other financial information

• Credit Score

• Credit Report

• Secured Credit Card

• Credit-Builder loan

Requires a cash deposit that becomes the credit line

• Credit Score

• Credit Report

• Secured Credit Card

• Credit-Builder loan

A loan where the amount you borrow is held in an account while you make payments

• Credit Score

• Credit Report

• Secured Credit Card

• Credit-Builder loan

Offered by stores such as gas stations, retail chains and department stores

• Retail Store Credit Card

• Character

• Capacity

• Collateral

Information that lenders gather about a borrower's willingness to repay a loan.

• Retail Store Credit Card

• Character

• Capacity

• Collateral

Information lenders gather about the borrower's ability to repay a loan.

• Retail Store Credit Card

• Character

• Capacity

• Collateral

Protection for creditors in the event they are not repaid.

• Retail Store Credit Card

• Character

• Capacity

• Collateral

All of the following are included in a credit report except...

• Credit Score

• Personal Identification Information

• Public Record Information

• Credit Account Information

Which of the following loan types would an car payment be?

• Installment - Personal Loan

• Installment - Auto

• Revolving Credit Card

• Secured Credit Loan