Credit Vocab
Credit Vocab
1. Creditworthiness
2. Credit bureau
3. Secured loan
4. Unsecured loan
5. Collateral
6. Installment loan (closed ended credit)
7. Revolving Credit (open ended credit)
8. Unsecured loan
9. Grace period
10. Credit limit
11. Annual percentage rate (APR)
12. Acceleration clause
13. Balloon payment
14. Bankruptcy
15. Debt consolidation Loan