Credit Card Glossary: Terms and Definitions
Debt consolidation is the combination of multiple loans with a new, single loan offering a lower monthly interest rate and payment, or a longer repayment period. In the context of credit card debt, this often involves a balance transfer from several high-interest cards to a single lower interest card.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.