| A | B |
|---|
| Credit Report | A record of a consumer's credit history |
| Credit History | A record of transactions invovling credit use |
| Public Records | Judgements, ciminal and bankruptcy |
| Payment History | Credit card, store card, book clubs, music clubs |
| Financial Records | Loans, bounced checks, closed accounts |
| Loan/Leases | Rent-to-own contracts, payday loans, lease agreements, credit inquiry |
| Credit Inquiry | A request for your credit can be done by businesses you apply to for credit or whom preapprove you for credit |
| Negative Credit | Having cards over the limit |
| CRA | Credit Reporting Agency |
| Positive Credit | Pay bills consistently and on time |
| Equifax, Trans Union, Experian | CRAs |
| Errors on Credit Reports | Mistaken Identity and Fraud |
| Fair Credit Reporting Act | Enacted to protect the consumer in 1971 |
| FTC | Federal Trade Commission |
| BBB | Better Business Bureau |
| Credit Score | 150-850, with 850 being the best score |
| High Credit Score | Ensures lower interest rate |
| Low Credit Score | Ensures high interest rate |
