Credit Card Glossary: Terms and Definitions
There are many types of means tests, but it took on a new, credit-related meaning with the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act, which went into effect in 2005. The act imposed a means test that limits the ability of high wage earners to dispose of their debts through Chapter 7 bankruptcy. Because costs of living vary, the bankruptcy means test varies by state.
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.