credit score
Financial trustworthiness rating
A credit score is a numerical rating representing a person's creditworthiness—their likelihood of repaying borrowed money.
Lenders use credit scores to decide whether to approve loans, mortgages, or credit cards, and at what interest rate.
Scores are calculated from payment history, debt levels, and length of credit history.
Her credit score dropped after she missed two payments.
A higher score means better borrowing terms; a low score can make financing difficult or expensive.
Creditworthiness rating system
- borrowerOne who takes temporarily
- lenderOne who loans money
- approvalFavorable opinion given
- underwritingRisk evaluation and acceptance
preapproval · qualification · eligibility · creditworthiness · debt-to-income ratio · interest rate · application · inquiry
Office or furniture chest
- EquifaxConsumer credit monitor
- ExperianCredit reporting company
- TransUnionCredit reporting company
- freezeBecome solid from cold
lock · alert · dispute · error · identity theft · fraud · annual report · background check
Criminal or neglectful behavior
- defaultPreset standard option
- bankruptcyLegal status when insolvent
- collectionsGathered groups of items
- arrearsOverdue financial obligations
overdue · repayment · charge-off · settlement · creditor · liability · utilization · balance
Authorization before final commitment
- down paymentInitial sum toward purchase
- affordabilityState of being purchasable
- refinanceObtain new loan terms
- closing costsFees finalizing property purchase
equity · escrow · amortization · fixed rate · adjustable rate · property value · home loan · FHA
FICO
Creditworthiness rating system
underwriting · preapproval · qualification · eligibility · creditworthiness · debt-to-income ratio · interest rate · application · inquiry · hard pull
bureau
Office or furniture chest
- EquifaxConsumer credit monitor
- ExperianCredit reporting company
- TransUnionCredit reporting company
freeze · lock · alert · dispute · error · identity theft · fraud · annual report · background check · monitoring service
delinquency
Criminal or neglectful behavior
- defaultPreset standard option
- bankruptcyLegal status when insolvent
- collectionsGathered groups of items
arrears · overdue · repayment · charge-off · settlement · creditor · liability · utilization · balance · maxed out
preapproval
Authorization before final commitment
- down paymentInitial sum toward purchase
- affordabilityState of being purchasable
- refinanceObtain new loan terms
closing costs · equity · escrow · amortization · fixed rate · adjustable rate · property value · home loan · FHA · VA loan
- bankingbank, banks, ATM, ATMs, account
- debtdebt, creditor, owe, debtor, lender
- money managementsaving, savings, budgeting, budget planning, expense tracking
- creditcreditworthiness, creditor, creditors, creditworthy, FICO
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- banking termsaccount number, routing number, balance, FDIC, bank statement
credit scorebad credit
poor credit · credit risk · bankruptcy · delinquent account · delinquency
credit scorenet worth
Assets less debts
income · assets · cash on hand · collateral · character reference
credit scorenet worth
Assets less debts
income · assets · savings · cash on hand · liquid assets
score, credit, incredible, credibility, discredit, incredibly, credentials, credits, accredit