Glossary

This is the information kept about your income and debts and how you’ve repaid credit that has been taken out in your name.

This is a type of insurance that pays off existing debts in the event that someone dies, or becomes unable to pay toward the debt.

This is the history that has been given by those a person has borrowed from.

A credit limit is the total a person can borrow. It shows beneficial for the borrower to keep your balance below 10 percent of the

This is the maximum a person can borrow.  A credit limit increase is when the maximum is increased so that you can borrow more money.

The maximum amount that a person can borrow. A line of credit gives the person the ability to take a loan to exceed the amount

When a person legally guarantees to repay a loan.

Credit repair is the process of improving one’s credit. This can be used in conjunction with credit counseling, but can often promise more than what

A report of the dealings between a person and their creditors. This report includes the amounts of debt a person has, any late payments or