| A | B |
|---|
| Credit History | Is a record of a person's borrowing and repayment activity. |
| Credit Report | Is a record that details a person's credit history. It also includes identifying information, such as names and addresses |
| Credit Score | A numerical rating of your credit-worthiness (how likely you are to pay off your debts). |
| Equifax, Experian, TransUnion | Credit bureau tracking credit history, creates credit report and calculates scores |
| Fair Credit Report Act | Ensures credit report is accurate and can dispute incorrect info |
| FICO | The most commonly used credit score in the United States. Fair Isaac Corporation |
| High Credit Score | Means you're likely to pay off your debt. |
| Low Credit Score | Means you're not as likely to pay off your debt. |
| Payment History | Payments you have made on all credit you have obtained, which affects your credit score. |
