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
- Fair and Accurate Credit Transactions (FACT) Act
- Fair Credit Billing Act
- Fair Credit Reporting Act
- Fair Debt Collection Practices Act
- Fair Isaac
- Fannie Mae
- Fee harvester card
- FICO
- FICO Expansion score
- FICO Risk Score, NextGen
- Finance charge
- Finance company
- Fixed rate
- Flipping
- Forbearance
- Foreclosure
- Forgiven debt
- Form 1099-C
- Fraud alert
- Freddie Mac
- Freeze
- Fringe banking
Interesting Facts
A forbearance on a student loan is much easier to gain approval for when it is federally guaranteed. Private student loan companies tend to be less willing to alter repayment terms.
Forgiven debt may lead to the issuance of Form 1099-C, which notifies the Internal Revenue Service of any settlement that results in a savings of $600 or more.
Flipping a loan usually results in a lower credit score. Credit scoring formulas reward consumers with longer credit histories while penalizing those who frequently shift debt from one lender to another.
Many credit card issuers responded to the CARD Act of 2009 by converting fixed rate accounts to variable rate accounts.
A credit freeze costs $10 per credit bureau while a fraud alert is free.
