Credit Ratings and Credit Scores

Front

What are the three main credit bureaus?

Back

Experian, TransUnion, Equifax

Front

What information is included in a credit report?

Back

Personal information, types of debt, payment history

Front

What is the range of credit scores that Kayla might be referring to?

Back

300-850

Front

Which factors should Connor focus on to improve his credit score?

Back

Payment history, credit utilization, length of credit history

Front

How often should Joel check his credit reports?

Back

Once a year

Front

What is the purpose of checking Franklin's credit score?

Back

To determine Franklin's creditworthiness

Front

Lexi is applying for a new credit card and the bank performs a check on his credit history. What type of inquiry is this?

Back

An inquiry that impacts Lexi's credit record

Front

If Mikey defaults on his loan, what is the term for the bank taking possession of his property?

Back

Foreclosure

Front

Who calculates Donovan's credit scores?

Back

Fair Isaac Corporation

Front

What is the purpose of credit bureaus?

Back

They track individuals' financial lives and calculate credit scores.