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Credit Report Terms Review

Drag each term to its definition. If dropped in a wrong place, the item would fly back to its original position.

Definitions:

  1. Refers to how you will repay the loan
  2. a history of your credit
  3. a borrower's reputation
  4. agencies that compile your credit history
  5. economic circumstances; how you plan to use loan proceeds
  6. the organization that developed the credit score
  7. other money that a borrower
  8. the asset a loan will be secured with

Terms:

  • Credit report
  • credit reporting agencies
  • character
  • capacity
  • collateral
  • conditions
  • FICO
  • Capital

Answers:

  1. Refers to how you will repay the loan

    Answer: Capacity

  2. a history of your credit

    Answer: Credit report

  3. a borrower's reputation

    Answer: character

  4. agencies that compile your credit history

    Answer: credit reporting agencies

  5. economic circumstances; how you plan to use loan proceeds

    Answer: conditions

  6. the organization that developed the credit score

    Answer: FICO

  7. other money that a borrower

    Answer: Capital

  8. the asset a loan will be secured with

    Answer: collateral