| A | B |
|---|
| credit history | a summary of a person's borrowing and repayment history |
| credit report | a report on a person's creditworthiness |
| certified mail | mail that gives the sender proof of receipt from the US Postal Service |
| FICO score | rates how likely a person is to fall 90 days behind in a payment |
| FICO expansion score | a creditworthiness score that is based on nontraditional accounts and financial information sources |
| Fair Credit Reporting Act | federal law giving consumers the right to view and correct their credit information |
| bankruptcy | when a debtor's assets are sold to settle unpaid debts and the debtor is no longer responsible for further debt beyond what was recovered |
| foreclosure | when a bank takes back a property and auctions it off to recover the unpaid loan amount |
| installment loan | loan with equal number of payments of the same amount over a fixed period of time |
| lien | a promise to reclaim an item bought with loaned money if the loan is not repaid |
