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

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