FIND TERM: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
- Call to action
- Capacity
- Cardholder agreement
- Cash advance
- Chapter 7 bankruptcy
- Chapter 11 bankruptcy
- Chapter 12 bankruptcy
- Chapter 13 bankruptcy
- Charge card
- Charge-off
- ChexSystems
- Closing costs
- Closing date
- Co-applicant
- Collateral
- Collection agency
- Collections
- Community Reinvestment Act (CRA)
- Consolidation
- Consolidation loan
- Consumer credit counseling service
- Consumer Credit Protection Act
- Consumer statement
- Convenience check
- Conventional mortgage
- Cosigner
- Credit
- Credit bureau
- Credit card
- Credit check
- Credit freeze
- Credit grantor
- Credit limit
- Credit renting
- Credit repair
- Credit Repair Organizations Act (CROA)
- Credit repair service
- Credit report
- Credit report monitoring
- Credit report number
- Credit reporting agency (CRA)
- Credit score
- Credit union
- Credit utilization rate
- Creditworthiness
Interesting Facts
Credit card convenience checks are often confused by cardholders for balance transfer checks. While they work the same, the rates and terms are much different. Unless a specific balance transfer offer is specified, convenience checks are treated like cash advances as governed in the cardholder agreement. This means that finance charges begin accruing the first day without any grace period and at the much higher interest rate that applies to cash advances.
Credit renting or piggybacking was mostly eliminated by the FICO 08 credit score update. Immediate family members that help each other establish credit can still benefit by having authorized user status reported to the credit bureaus.
Credit unions tend to have some of the lowest interest rates available on financial products. Exceptions may apply to those elite consumers that qualify for some of the best terms available in the market through commercial banks.
Credit report monitoring is unnecessary for most consumers. Despite the high cost of service, many consumers agree to these expensive plans in order to gain access to a free credit report used to lure in customers. Many consumers mistakenly agree to these plans after unsuccessfully seeking the official Annual Credit Report Service.
Credit reporting agencies provide a variety of risk scoring products. The credit score that you buy may not be the same score that your lender sees.
