Credit
by
hannahperry1
Last updated 7 years ago
Discipline:
Social Studies Subject:
Economics
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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