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bor·row·er

• a person or organization that takes and uses something belonging to someone else with the intention of returning it.

• nothing

AnnualCreditReport.com

• AnnualCreditReport.com is the official site to get your free annual credit reports.

• nothing

credit bureau

• 1. a company that collects information relating to the credit ratings of individuals and makes it available to credit card companies, financial institutions, etc.

• n/a

credit counseling

• advise you on your money and debts, help you with a budget, develop debt management plans, and offer money management workshops.

• n/a

credit file

• Credit files contain a consumer's former and current identifying and financial information, including their name, Social Security number, address, phone number, types of debt, dates in which accounts were opened, highest balances, current account balances, payments, bankruptcies, liens, judgments, and delinquent ...

• n/a

credit report

• a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts.

• n/a

debt

• anything owed by one person to another.

• n/a

debt to credit ratio

• represents the amount of revolving credit you're using divided by the total amount of credit available to you.

• n/a

default

• failure to fulfill an obligation, especially to repay a loan or appear in a court of law.

• n/a

equal credit opportunity act

• prohibits discrimination in any aspect of a credit transaction.

• n/a