Credit Vocabulary

Front

Amount owed on a credit card or loan

Back

Balance

Front

the state of legally having been declared unable to pay off debts owed with available income

Back

Bankruptcy

Front

a measure of financial ability to repay a loan

Back

Capacity

Front

A measure of your financial responsibility, often based on your credit history

Back

Character

Front

Property put down as security for a loan is known as

Back

Collateral

Front

An arrangement to receive cash, goods, or services now and pay for them in the future.

Back

Credit

Front

company that collects information about your credit history and sells it to lenders

Back

Credit Bureau

Front

To pay for goods/services and at end of month they pay bill

Back

Credit cards

Front

a record of your past borrowing and repayments

Back

Credit history

Front

person or institution to whom money is owed

Back

Creditor