a detailed report of an individual’s credit history

a decrease or loss in value

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

type of card issued by a bank that allows user to finance a purchase

an interest rate charged to a customer during the early stages of a loan; the rate often goes up after a specified period of time

a yearly fee that’s charged by the credit card company for the convenience of the credit card

preferred method of debt repayment; includes a list of all debts organized from smallest to largest balance; minimum payments are made to all debts except for the smallest, and high is attracted with the largest possible payment.

an expense, such as a charitable contribution, that can be deducted from one’s taxable income

time frame that a loan agreement is in force, and before or at the end of which the loan should either be repaid or renegotiated for another term.