PFL Unit 5: Creditworthy

a report prepared by a credit bureau that shows details of an individual's credit history

A credit report is a _____________________________________________ _______________________________________________________________________.

No

Collin has a credit card bill of $3,000. He makes only the minimum payment and is always close to the limit on his credit card. Is Collin using credit responsibly?

True

FICO is a credit score.

- living expenses - money owed - current income - how responsible individual is when borrowing money

Name at least four factors that a lender investigates when considering whether you are creditworthy.

credit card, installment account, loan, service credit

Select each type of credit:

write to the credit bureau asking for a report

To obtain your credit report, you should ______________ _______________________________________________________________________.