Tuesday, May 21, 2024, 12:12 PM
Site: Financial Beginnings
Course: Financial Beginnings (Home)
Glossary: Module Resources
C
COMPREHENSIVE COVERAGE Provides coverage for the insured’s vehicle in the event of non-collision damages such as theft or a chipped windshield. |
CONSUMER.FTC.GOVCONSUMER.FTC.GOV website The Federal Trade Commission enforces the credit laws that protect your right to get, use, and maintain credit. |
CONSUMERFINANCE.GOVCONSUMERFINANCE.GOV website The Consumer Financial Protection Bureau is an agency of the U.S. government responsible for consumer protection in the financial sector. |
CREDITGenerally defined as a contract agreement requiring a borrower who has received a sum of money to repay a lender later, typically with interest. Credit can also refer to an individual's creditworthiness or credit history, which is used to determine the likelihood that the individual will repay a debt. |
CREDIT REPORT A credit report is a record of the person’s credit history from a number of sources. |
CREDIT SCORE A credit score is a numerical expression based on a level of analysis of a person’s files, to represent the creditworthiness of an individual. |
CREDIT UNIONSNot-for-profit cooperative financial institutions owned and controlled by their members. |
CREDIT.COMCREDIT.COM website Get a free credit score and advice from credit experts. Learn how to better manage your credit and which credit products are best for you. |
CREDITKARMA.COMCREDITKARMA.COM website Credit Karma will provide credit scores and monitoring for free. |
CREDITWORTHINESSA lender's willingness to trust a borrower to repay a debt. |