This is usually seen on credit card statements to represent the actual dollar cost of using credit to maintain a balance.

A penalty on all types of credit for making a payment after its due date

A detailed record of your personal credit and financial transactions

A legal process to get out of debt when you can no longer make all your required payments

On a credit card, the length of time you have before you start accumulating interest on an unpaid balance

An amount that credit card companies can charge for the use of a credit card.

A charge for a loan, usually calculated as a percentage of the principal.

A rating used by credit reporting agencies to help lenders decide whether and how much credit can be extended to a borrower

Amount of money, or something of value, that is loaned on trust and with the expectation that it will be repaid at a later date.

The amount of money someone is willing to loan you; the amount that is still owed on the loan.

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