Glossary: Credit Terms
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- Bridge Loan
- A short-term loan intended to provide or extend financing until a more permanent arrangement is made.
- CA
- Credit Agency
- CMRAA
- Certified Mail, Return Receipt Requested
- CRA
- Credit Reporting Agency - Such as TransUnion, Equifax & Experian.
- Debt
- An obligation or liability to pay or render something to someone else.
- FCRA
- Fair Credit Reporting Act
- FICO
- Fair Isac Credit Score
- Loan
- A sum of money lent at interest.
- Loan Shark
- One who lends money at exorbitant interest rates, especially one financed and supported by an organized crime network.
- Mutual Fund
- An investment company that continually offers new shares and buys existing shares back at the request of the shareholder and uses its capital to invest in diversified securities of other companies.
- TL
- Trade Line