Rep Yo Credit!!

Goods, services and/or money received in exchange for a promise to pay back  at a future date.

• Promise
• Credit
• Credit Card
• Worthiness

A numerical summary of your credit history that indicates your credit worthiness

• Credit Score

• Credit Report

A record of a person’s use of credit

• Credit Score

• Credit Report

A person or organization who makes funds available for others to borrow

• Borrower
• Lender

Someone who receives something with a promise to return it or its equivalent

• Borrower
• Lender

To build a positive credit history, I should pay cash for all purchases.

• True

• False

My credit history does not affect my chances for renting my first apartment.

• True

• False

What type of credit score is this 570?

• Average

• Great

• Poor

• Excellent

Which is an exceptional credit score?

• 672

• 555

• 713

• 813

Your credit score is not configured off of which of the following:

• Payment history

• Amount of money owed

• Grades in School

• Length of credit history