CREDIT
By: Alexa Craig
What Is Credit?
ICredit is the use of money
that you don’t have. 1Don’t use credit on anything you:
Credit must be payed back
and if not in enough time DRINK
interest will be charged, also
known as the price of money. EAT
WEAR t
DRIVE at%
How do lenders decide who
to lend to?
Character: Are you responsible?
How long have you had your job? All of these things are included
on your credit report which
Capacity: How much money do you make? Lenders use to decide who to tend to.
Will you make enough to pay us back?
Collateral: Do you have anything to back
• – ,ur loan?
CREDIT REPORT
Payment HistorY – 35% The average age for a U.S.
Amount Owed – 30°A consumer to get a credit
Length of Credit History – 15% card is the age of 20.8.
Types of Credit – 10%
New Credit 6 Inquires – 10%