The interest rate charged on a loan, credit card, or mortgage over a year's time
The fee charged annually by a credit card company to its cardholders. This amount is added to the cardholder's statement.
An individual's credit rating is typically considered bad or poor if their FICO score falls below 620. Issues that drop a FICO score to such a level include defaulting on (failing to pay back) loans and credit cards, making payments past their due date, and/or carrying a high level of debt.
The transfer of an existing account balance (in part or in whole) to a different account, usually an account held with another creditor.
Balance Transfer Fee
The fee charged by a credit card company when a balance is transferred to one of its cards.
A legal declaration of one's inability to pay his/her creditors. In most cases, voluntary bankruptcy is initiated by the individual in debt (the debtor); in rare cases, creditors may file a bankruptcy petition against a debtor to initiate an involuntary bankruptcy.
If you do not monitor your credit score regularly, what you find may surprise you. Has your credit history been reported inaccurately? Has someone used your credit fraudulently? Do you think you have bad credit, but actually have good credit?
Get the answers to these questions and more by obtaining your free credit score from one of the following trusted providers. Sign up now and see your credit score online in seconds.
*BadCreditOffers.com is a free online directory of lenders and financial service providers. It is not itself a lender or provider of financial services. Information presented is without warranty. Always refer to the providers' websites for complete, up-to-date details on each offer before applying.
Advertising Disclosure: Badcreditoffers.com is an independent, advertising-supported comparison service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.
Information in these articles is brought to you by BadCreditOffers.com. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.