CREDITOR
CAPACITY
COLLATERAL
FICO
CREDIT BUREAUS
CHARACTER
tells creditors if you are able to pay them back; considers your ratio of debt and income
a financial institution that lends money or extends a line a of credit
tells creditors if you are reliable to pay them back; your credit history and reputation
used as security in case a borrower struggles to pay; assets or the item for which the loan is
a data collection agency that gathers account information from creditors and shares input with consumer credit rating companies such as FICO
a consumer credit rating company used by lenders to gauge a person's borrowing risk
