Credit

A record of your personal financial transactions

• Credit Score

• Credit Report

• Bankruptcy

The actual dollar cost of using credit to maintain a balance

• Finance Charge

• Origination fee

• Loan term

The length of time you have to pay off a loan

• Loan term

• Grace period

• Principal

Penalty for making a payment after the due date

• Over the limit fee

• Origination fee

• Late fee

The length of time before you start accumulating interest

• Annual fee

• Grace period

• Finance charge

Someone is willing to loan you money

• Credit

• Loan

• Principal

A number that affects your credit worthiness based on the 4 C's of credit

• Bankruptcy

• Annual fee

• Credit score

Amount of money you borrow in a loan, plus interest

• Credit

• Principal

• Collateral

A charge for setting up a loan

• Origination fee

• Application fee

• Late fee

The amount you pay to use someone else's money

• Interest

• Credit

• Finance charge