Financing Offers

Service Offers

Bad Credit Resources

Advice for Bad Credit

Payment Calculator

More Financial Calculators

Glossary of Terms

APR

The interest rate charged on a loan, credit card, or mortgage over a year's time

Annual Fee

The fee charged annually by a credit card company to its cardholders. This amount is added to the cardholder's statement.

Bad Credit

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.

Balance Transfer

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.

Bankruptcy

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.

More Financial Terms

Debt Relief

Advertiser Disclosure

Would you like to lower your monthly debt payments or even erase your debt in a matter of months? The following services represent the best debt relief options for people with bad credit. These programs specialize in total debt solutions for those with a bad credit rating: consolidating debts into one low payment, getting late fees waived and interest charges reduced, and providing the help you need to eliminate debt quickly. They can also provide you with debt consolidation loans or other loan options regardless of your credit history. Each features an easy sign-up form for a FREE, no-obligation assessment.

Advertiser Disclosure