| A | B |
|---|
| Regular Credit | A charge account with an electrician who re-wired a house. |
| Budget Credit | A charge account with a utility company. |
| Revolving Credit | An example of this credit is a home equity loan. |
| Credit Card | Allows debtors to receive goods and pay for them later. |
| Installment Credit | Contract issued by the seller that requires payment at specific times. |
| Interest | Cost of using someone else's money. |
| Character | How past debt obligations were handled. |
| Capacity | How much debt can comfortably be handled. |
| Capital | Current assets that could be used to repay debt. |
| Credit Application | Form used by lenders to obtain information about applicant to determine if credit will be issued. |
| Credit Bureaus | Sell lenders credit information about credit users. |
| Credit Contracts | Legal binding documents that allow debtors to use credit to obtain goods. |
| Truth In Lending | Law that requires lenders to reveal the cost of credit. |
| Consumer Credit Reporting Reform Act | Requires that the credit reporting agency must be able to prove that credit information is accurate. |
| Debt Repayment Plan | Agreement between creditor and debtor that allows a more manageable payment plan. |
| Credit Counseling | Provides information on actions to take in order to manage debt. |
| Bankruptcy | May be used by debtors to reduce debt or amount owed to creditors. |
