Glossary Terms

Credit Score
A credit score is a number generated by a statistical system used to rate the credit of an applicants according to various characteristics relating to... <a href='/glossary/what-is-credit-score' title='See the full definition of Credit Score'>read more</a>
Credit Report
A credit report is a report of an individual's credit history that a credit reporting company or credit repository prepares to determine a borrower's... <a href='/glossary/what-is-credit-report' title='See the full definition of Credit Report'>read more</a>
Bankruptcy
A proceeding in a federal court in which a borrower who owes more than his or her assets, can relieve the debts by transferring his or her assets to a... <a href='/glossary/what-is-bankruptcy' title='See the full definition of Bankruptcy'>read more</a>
Credit Bureau
An agency that keeps your credit record. <a href='/glossary/what-is-credit-bureau' title='See the full definition of Credit Bureau'>read more</a>
Credit History
The record of how you've borrowed and repaid debts. <a href='/glossary/what-is-credit-history' title='See the full definition of Credit History'>read more</a>
Credit Ratio
A credit ratio is expressed as a percentage and results when a borrower's monthly payment obligation on long-term debts is divided by his or her net... <a href='/glossary/what-is-credit-ratio' title='See the full definition of Credit Ratio'>read more</a>
Credit Reporting Company
Company that collects information received from more than one credit repository, merges all the information, and reports it in one form; merged credit... <a href='/glossary/what-is-credit-reporting-company' title='See the full definition of Credit Reporting Company'>read more</a>