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Saturday, November 7th 2009
Credit Card Glossary

Credit Card Glossary: Terms and Definitions

Confused by credit card terms? CreditCards.com's glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.
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Chapter 7 bankruptcy

Chapter 7 bankruptcy is the most common type of bankruptcy filing for individuals who can no longer pay their bills. While this legal procedure allows debt to be discharged, it is ruinous to credit records, meaning that future loans will be very expensive, if they can be found at all.

Related Terms:algorithm, annual percentage rate (apr), application fee, balance-to-limit ratio, chapter 11 bankruptcy, chapter 13 bankruptcy, charge-off rate, co-signer, collection, consumer credit file, cramdown, credit bureau, credit bureau risk score, credit freeze, credit inquiry, credit limit, credit line, credit monitoring service, credit obligation, credit rating, credit report, credit reporting agency (cra), credit score, credit utilization ratio, debt management plan (dmp), debt-to-income ratio, debt-to-limit ratio, default, delinquent account, fair credit reporting act, fico score, forbearance, hard inquiry, hard pull, inquiry, late payment fee, opt out, penalty rate, piggybacking, qualifying ratio, roll rate, secured credit cards, setup fee, thin file, unsecured credit cards, utilization ratio, vantagescore, wall street journal prime rate, z score, z score, zombie debt
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