A Little Credit Flashcard

Front

What is a number that helps a lender predict how likely an individual is to repay a loan?

Back

Credit score

Front

When I apply to borrow money for a car, the loan company will most likely look at my credit history.

Back

True

Front

Which is an exceptional credit score? Options: 672, 555, 713, 813

Back

813

Front

Which of the following is one of the 3 nationally recognized credit bureaus?
Options: Equifax, Federal Reserve, Postal Credit, TripleUnion

Back

Equifax

Front

Your credit score is configured off of which of the following EXCEPT? Payment history, Debt-to-Income ratio, Length of credit history

Back

Grades in School

Front

Numerous credit applications in a short period of time have what type of impact on one's credit score?

Back

Negative Impact

Front

The most common credit scoring system is called?

Back

FICO

Front

The credit scores range from

Back

300-850

Front

What does APR mean?

Back

Annual Percentage Rate

Front

The cost of borrowing money is referred to as

Back

Interest