Certificate of Deposit: CDs are sometimes jokingly referred to as Certificates of Depreciation as their rate of interest is often less than inflation. Still, they are remarkably safe investments.
Chapter 7 Bankruptcy: Discharge of debt through asset liquidation is an extreme measure for dealing with insolvency.
Consolidation Loan: Using one loan to pay off multiple debt balances might be easier to manage.
Credit Counseling: The process for providing personal counseling to debtors for managing debt, improving credit and teaching smarter consumer behavior.
Credit Freeze: A permanent hold on new credit approvals can prevent identity theft.
Credit Limit: The maximum that you can borrow on an open credit account without triggering an overdraft penalty.
Credit Repair Organizations Act: CROA forbids credit repair companies from charging fees prior to earning them.
Credit Report: This summary of your credit history can be used to determine your risk as a borrower.
Credit Report Disputes: You have the right to dispute the validity of information on your credit reports.
Credit Union: While most maintain certain membership limitations, credit unions frequently offer some of the best banking deals available.
Credit Utilization Rate: Using too much of your total credit can lower credit scores substantially.