Dave Ramsey Debt

A yearly fee that's charged by the credit card company for the convenience of the credit card

• Annual Fee

• Annual Percentage Rate (APR)

• ARM

• Balloon Mortgage

Cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan.

• Annual Fee

• Annual Percentage Rate (APR)

• ARM

• Balloon Mortgage

variable-rate mortgage; mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.

• Annual Fee

• Annual Percentage Rate (APR)

• ARM

• Balloon Mortgage

a mortgage in which the entire remaining balance of the loan is due in one single payment

• Annual Fee

• Annual Percentage Rate (APR)

• ARM

• Balloon Mortgage

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

• credit

• credit card

• credit limit

• debit card

A plastic card used to make purchases now and pay for them later.

• credit

• credit card

• credit limit

• debit card

The maximum dollar amount that can be borrowed

• credit

• credit card

• credit limit

• debit card

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder

• credit

• credit card

• credit limit

• debit card

The act of combining all debts into one monthly payment, typically extending the terms and the length of time required to repay the debt.

• debt consolidation

• debt Snowball

• Depreciation

• finance charge

• foreclosure

a list of all debts organized from smallest to largest balance; minimum payments are made to all debts except for the smallest, which is attacked with the largest possible payments

• debt consolidation

• debt Snowball

• Depreciation

• finance charge

• foreclosure