Credit

In Glogpedia

by hannahperry1
Last updated 5 years ago

Discipline:
Social Studies
Subject:
Economics

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Credit

Credit Score:A three digit number calculated from your credit report that is a factor used by lendors to determine your creditworthiness

immihelp.comeretoday.commyfico.combankrate.com

Three Ways to Build Credit-

Make payments on time

Good Credit Score-

Only use/have one credit card

Pay your credit card balance in full

Three Main Credit Reporting Agencies Are...

Types of Credit:

~Credit~by: Malone Perry

It is very important to mainain a good credit history, because it shows the length of time credit is being used, balances, loans, and payment history.

Experian

Equifax

TransUnion

Open Credit

RevolvingCredit

Installment Credit

661-850

Below500

BadCredit Score-

If your credit report is incorrect, contact these guys!

Alternative Forms of Credit:Verifys bill payment history if report does not provide enough to help lender approve the loan.

AVOID! Borrowing from a business involves too many inconvienent factors.


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