Glossary

Experian

A national credit reporting agency with headquarters in Costa Mesa, California. This is one of the big three agencies in the US.

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Expiration Term

This is the term that refers to the time period that a negative record will stay on your credit report. Generally a negative item will

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Fair Credit Billing Act

This federal law protects consumers from unfair billing practices. This could include unauthorized charges, unaccepted or undelivered goods, or other disputed charges.

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Fannie Mae

A government-sponsored enterprise that purchases loans for different mortgage companies, packages them together, and sells them to investors as mortgage-backed security in the open market.

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FICO Score

Originally known as Fair, Isaac and Corporation, this is a data analytics company that offers credit scoring services. A FICO score is a measure of

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File Freeze

When a person requests that their credit reports are frozen by the credit bureau. When the file is frozen, it is not accessible to banks,

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