Question Answer
Credit Score A numerical rating of your credit-worthiness.
Credit Report A record that details a person's credit history.
FICO The most commonly used credit score in the United States.
Credit History A record of a person's borrowing and repayment activity.
Credit Bureaus Companies that collect credit information about individuals.
Credit Risk How likely or unlikely you are to pay back money loaned to you.
Debt Money you owe.
Identity Theft When someone steals your private information, like your date of birth and Social Security number, and uses it to make unauthorized purchases.
Installment Loan Loan with equal number of payments of the same amount over a fixed period of time.
Interest Rate The percentage of a loan amount you pay in order to borrow the money.
Fixing Your Credit

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