a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
Mail that gives the sender proof of receipt from the U.S. Postal Service
A summary of a person's borrowing and repayment history
A report on a person's creditworthiness that includes identifying information, credit cards, late payments, bankruptcies, and savings balances
fair credit reporting act
deals primarily with credit reports issued by credit reporting agencies
fico expansion score
A creditworthiness score that, like the regular FICO score, has a scale of 300-850, but is based on nontraditional accounts and financial information sources and is designed for young persons, new immagrants, or others without a traditional credit history.
When a bank takes back a property and auctions it off to recover the unpaid loan amount.
Credit score from 300-850 that rates how likely a person is to fall 90 days behind in a payment.
a loan repaid with interest in equal periodic payments
a large dark-red oval organ on the left side of the body between the stomach and the diaphragm