finance

Front

Interest and fees you pay on a credit card balance

Back

finance charges

Front

Getting service and paying for them later

Back

service credit

Front

A new loan arrangement that allows you to make reduced payments, usually on a temporary basis

Back

loan modification

Front

A service to help consumers manage credit and avoid bankruptcy

Back

credit counseling

Front

A number that represents the risk a lender takes when you borrow money

Back

credit score

Front

Plastic card linked to a credit account that can be used to make purchases

Back

credit card

Front

A penalty charged when you fail to make your minimum payment by the assigned due date

Back

late fee

Front

The legal process of taking possession of a house when a borrower does not make mortgage payments as agreed

Back

foreclosure

Front

A second mortgage or debt secured with the equity in your home

Back

home equity loan

Front

A statement of your credit history your borrowing and repayment performance

Back

credit report