A loan banks offer to their customers when they try to withdraw more funds than they have in their account, usually for a fee and with interest 

A term used to describe someone with little to no credit history

A card that allows the holder to make purchases without cash by borrowing money

A certain amount of money that must be kept in an account as required by that particular financial institution

An account that usually yields slightly higher interest and is designed to provide a place to save money

A card that is directly connected to your checking account; it enables you to conduct ATM transactions and to make purchases instead of using cash or writing a check

A monthly document prepared by your financial institution which shows all of the transactions related to your account

A three-digit number (ranging from 300-850) based on an individual's credit history detailed in a credit report

An automatic electronic deposit of net pay to an employee's designated bank account

Interest paid on the principal alone

An inquiry into your credit history, typically in advance of applying for a loan. This can negatively affect your credit for 12 months and remain on your credit history for two years.

A record of a person's use of credit over time; 15% of your credit score is based on this

The cost you pay each year to borrow money, including fees, expressed as a percentage

A standard table that legally must appear in a credit card agreement showing basic information about the card's rates and fees

A method of debt repayment whereby the borrower prioritizes paying down debts with the smallest balances first

An inquiry into your credit history as part of a background check. This does not affect your credit score.

Protection provided by the Federal Deposit Insurance Corporation; protects the deposits of customers against loss up to $250,000 per account

A yearly fee that may be charged for having a specific credit card, independent of how you use the card

Money set aside for unanticipated expenses or loss of income

A method of debt repayment whereby the borrower prioritizes paying down debts with the highest interest rates first

The maximum amount that may be borrowed on a credit card

A monthly fee that some banks charge to provide access to checking or savings accounts

A consumer-reporting company that collects and sells information about how individual people manage their credit (e.g. Equifax)

The smallest amount of a credit card bill that a credit card holder must pay during a billing cycle to remain in good standing with the lender

A type of savings account that may allow debit card and check writing privileges and usually has a slightly higher interest rate

A legal proceeding carried out to allow individuals or businesses freedom from their debts, while simultaneously providing creditors an opportunity for repayment

A bank product that earns interest on a lump-sum deposit that's untouched for a predetermined period of time