Credit Vocabulary |
Credit and debt related terms that are on used on this site.
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View Glossary |
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| There are 7 entries in the glossary. |
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| Terms | This refers to the debt repayment terms of your agreement with a creditor, such as 60 months, 48 months, etc. |
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| Third-Party Collectors | Collectors who are under contract to collect debts for a credit department or credit company; collection agency. |
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| Tradeline | An account listed on a credit report. Each separate account is a different trade line. A tradeline describes the consumer’s account status and activity. Tradeline information includes names of companies where the applicant has accounts, dates accounts were opened, credit limits, types of accounts, balances owed and payment histories. |
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| Transaction fees | Fees charged for certain use of your credit line – for example, to get a cash advance from an ATM. |
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| TransUnion | One of three national credit reporting agencies. The other two are Experian and Equifax. |
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| Truth in Lending Act | Title I of the Consumer Protection Act. Requires that most categories of lenders disclose the annual interest rate, the total dollar cost and other terms of loans and credit sales. |
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| Type | This refers to the type of credit agreement made with a creditor; for example, a revolving account or installment loan. |
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Glossary V2.0 |
