ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Credit Score
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Credit Rating
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Credit Report
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Credit Scoping
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Detailed explanation-1: -A credit history is nothing but a record of the cardholder’s transactions pertaining to their credit card(s), such as the number of credit cards they have, their debts, if any, if they pay their bills on time and so on. It records the individual’s responsibility in repaying his/her debt.
Detailed explanation-2: -Credit reports list your bill payment history, loans, current debt, and other financial information. They show where you work and live and whether you’ve been sued, arrested, or filed for bankruptcy.
Detailed explanation-3: -A credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts. Most people have more than one credit report.
Detailed explanation-4: -What is a Credit Check? Employee Credit check, simply put, is when an employer pulls out the financial records of an applicant or current employee, to have an overview of their financial history.
Detailed explanation-5: -information they collect and how your credit reports impact your credit scores. The three major credit bureaus are Equifax®, Experian® and TransUnion®. Credit bureaus are different from credit scoring companies, such as VantageScore® and FICO®.