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Terms

ABA routing transit number definition

ACH (Automated Clearing House)

ACH Authorization

Actual Cash Value ACV related to auto loans

Adverse Action Notice Related to loans

Annual Percentage Rate (APR)

Applicant

Application fee definition related to loans

Balance Related to bank

Balloon payment definition

Bank Guarantee

Bank Verification Related to loans

Base price related to auto loans

Building Credit

Cash advance fee definition

Character loan

Charge-off definition

Checking Account

Co-signer definition related to loans

Collateral definition related to loans

Collection Agency definition

Collection Costs definition

Credit bureau definition

Credit Card Balance

Credit freeze definition

Credit history definition

Credit monitoring service definition

Credit report definition

Credit union definition

Daily simple interest definition

Debt Trap definition

Debt-to-income ratio definition

Deficiency balance related to auto loans

Delinquent (loans)

Direct deposit definition

Direct lender related to personal loans

Down payment related to auto loans

Due Diligence

Fair Credit Reporting Act

FICO score related to installment loans

Forbearance Postponing Payments related to student loans

Good faith loan

Gross Monthly Income definition

Guarantor definition related to loans

Hard credit check definition

Interest-Only Payment Loan definition

Interspousal Transfer Deed definition

Licensed Lender definition

Lien definition

Loan Denial definition

Manufacturer Suggested Retail Price MSRP related to auto loans

Military Lending Act (MLA)

Negative equity related to auto loans

No credit file definition

Non-sufficient funds (NSF) fee definition

Origination fee definition related to loans

Overdraft fee definition

Peer-to-peer lending definition

Pre-Approval Related to loans

Precomputed interest

Preliminary Disclosure Definition

Preliminary Title Report definition

Prepayment fee Related to loans

Prequalified Related to loans

Primary Residence

Promissory Note related to loans

Recurring income

Settlement statement related to loans

Signature loan

Soft credit check definition

Tax credit definition

Tenant screening report definition

The Internal Revenue Service – IRS

Thin credit file definition

What is a pay stub

What is Principal?