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Saturday, November 21st 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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Fair Credit Reporting Act

The Fair Credit Reporting Act was enacted to govern how credit bureaus maintain, share and correct information in credit reports. It sets out, for example, a method by which consumers can force inaccurate information to be removed from credit files.

Related Terms:1099, 1099-c, adjusted balance, algorithm, annual percentage rate (apr), apr, arbitration, average daily balance, balance-to-limit ratio, bank holding company, bankruptcy, billing statement, card member agreement, carders, carding, carding forums, cashing, chapter 11 bankruptcy, chapter 13 bankruptcy, chapter 7 bankruptcy, cob fraud, community property, consumer credit file, credit bureau, credit bureau risk score, credit card accountability, responsibility and disclosure act of 2009, credit card act of 2009, credit freeze, credit history, credit inquiry, credit limit, credit line, credit monitoring service, credit obligation, credit rating, credit report, credit reporting agency (cra), credit score, credit union, credit utilization ratio, dd (regulation dd), debt-to-income ratio, debt-to-limit ratio, direct mail, double-cycle billing, drop, dump, equal credit opportunity act (ecoa), equitable division, fair credit billing act, federal deposit insurance corporation, federal funds rate, federal reserve board, fico score, finance charge, fraud alert, fraudulent transaction, fraudulent user, fulls, hard inquiry, hard pull, inquiry, interest rate cap, joint credit, late payment fee, man in the middle fraud, mandatory binding arbitration, medical identity theft, mutual savings bank, national bank, nondischargeable debt, opt out, phishing, pin cashing, prime rate (or prime interest rate), qualifying ratio, receipt, regulation dd, regulation x, savings and loan association, savings bank, schumer box, signature strip, skimming, thin file, thrift, time-barred debt, tranche, truncation, truth in lending act, truth in lending act, truth in savings act, two-cycle billing, universal default, unsecured credit cards, utilization ratio, vantagescore, wage garnishment, wall street journal prime rate, x (regulation x), z (regulation), z score, z score

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