Credit Vocab

Front

Amount owed on a credit card or loan

Back

Balance

Front

Legally declared unable to pay debts with available income

Back

Bankruptcy

Front

Arrangement to receive cash, goods, or services now and pay later.

Back

Credit

Front

Company that collects and sells your credit history.

Back

Credit Bureau

Front

Person or institution owed money

Back

Creditor

Front

Detailed report of an individual's credit history

Back

Credit Report

Front

A number indicating a person's loan repayment capacity.

Back

Credit score

Front

A sum paid for using or borrowing money

Back

Interest

Front

Amount of money borrowed

Back

Principal

Front

Act of selling collateral to pay debt

Back

Repossession