Credit
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| Credit | show 🗑
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| show | A loan for a specific amount that must be repaid with finance charges by a specificied date
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| Finance Charge | show 🗑
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| Contract | show 🗑
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| Principal | show 🗑
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| Open-end-credit | show 🗑
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| show | A preapproved amount that an individual can borrow
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| Secured Loan | show 🗑
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| show | A property that a borrower promises to give up in case of default
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| show | (Signiture Loan) A loan made on the strength of a signiture alone
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| Cosigner | show 🗑
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| show | Having the assets, income, and tendency to repay debt
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| Credit Report | show 🗑
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| show | A numerical measure of a loan applicant's creditworthiness at a particular point in time
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| show | The annual cost of crdit lender charges -the higher the APR,the more you pay
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| Credit Card | show 🗑
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| show | A loan against the available credit on your account
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| Store Credit Card | show 🗑
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| show | Require you to pay the entire balance each month
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| show | Lets an individual charge goods and services in exchange for a promise to pay in full within 25 days of the billing date
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| Revolving Credit Account | show 🗑
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| Acceleration Clause | show 🗑
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| Grace Period | show 🗑
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| Collection Agency | show 🗑
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| Repossession | show 🗑
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| Foreclosure | show 🗑
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| show | A legal claim on a borrower's property by a creditor who is owed money
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| show | A legal procedure requiring a portion of the debtor's pay to be set aside by the person's employer to pay creditors
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| show | A legal state in which the courts excuse a debtor from repaying some or all debt
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| show | The most common type of bankruptcy file
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| Chapter 13 bankruptcy | show 🗑
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| Credit Counseling service | show 🗑
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| show | Someone who lends money at excessive rates of interest - Usually use predatory lending tactics and offer easy-access credit
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| show | A short-term loan ata high interest rate that is granted regardless of the borrower's credit history
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| Payday Loans | show 🗑
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| Pawnshop | show 🗑
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| Rent-to-own | show 🗑
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| Title Loan | show 🗑
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| Credit Fraud | show 🗑
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| Identity Theft | show 🗑
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| Phishing | show 🗑
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Or sort by any of the columns using the down arrow next to any column heading.
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Created by:
Jakea Harris
Popular Economics sets