the privilege of using someone else's money for a period of time
anyone who buys on credit or receives a loan
the one who sells on credit or makes a loan
a contract between the firm offering the account (credit) and the consumer (debtor)
required the buyer to make full payment within a stared period
required the customer make payments of a fixed amount over several months
allows the customer to make charges at any time and only part of the debt must be paid each month
a contact issued by the seller that requires intermittent payments at specified times such as bi-weekly or monthly
a written promise to repay based on a debtor's excellent credit history
property that os offered to the lender if the debtor does not make payments
a person's reputation for paying bills on time
the original amount of the loan
when a loan must be repaid
annual percentage rate
states the % cost of credit on a yearly basis
refers to your honesty and willingness to pay a debt when it is due
refers to a person's ability to pay a debt when it is due
the value of the borrower's possessions including money and property
a form on which you provide information needed by a lender to make a decision about grant ion credit
a company that gathers information on credit reporting agency
discusses and suggests actions to tai to refuse spending and eliminate credit difficulties
the legal process of reducing or eliminating an amount owed
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