| Term | Definition |
|---|---|
| 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 |
| CREDIT SCORE | is a numerical rating of your credit-worthiness |
| CREDIT REPORT | is a record that details a person's credit history |
| FICO | is an acronym for the Fair Isaac Corporation |
| CREDIT BUREAUS | also called credit agencies or credit reporting agencies |
| CREDIT HISTORY | s a record of a person's borrowing and repayment activity |
Stack #2631140 fixing your credit card