Jargon Buster
• Adverse Credit: used to describe a person who has a history of defaulting on credit repayments, has county court judgements or has been declared bankrupt.
• APR (Annual Percentage Rate): the total amount of interest and other fees charged on a loan.
• Arrears: when a borrower has fallen behind on loan or mortgage repayments.
• Bad Credit: Common practices that can damage a credit rating including making late payments, skipping payments, exceeding card limits or declaring bankruptcy.
• Broker: an individual who sources financial products best suited to an individual's needs
• Cashback: an incentive whereby the borrower receives back a sum of money when View the rest of this article
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment