Tuesday, May 21, 2024, 2:26 PM
Site: Financial Beginnings
Course: Financial Beginnings (Home)
Glossary: Module Resources
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MYFICO.COMMYFICO.COM website FICO is the most commonly used scoring model used by lenders. A FICO Score is a three-digit number based on the information in your credit reports. |
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NAIC.ORGThe National Association of Insurance Commissioners has learning resources for consumers and can direct you to your state’s insurance department for additional resources or to file a complaint. |
NCUAThe National Credit Union Association insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions. |
NCUSIFThe National Credit Union Share Insurance Fund provides deposit insurance to protect the accounts of credit union members at federally insured institutions in the U.S. |
NEOBANKSDigital-only banks that operate exclusively online or via mobile apps without physical branch locations. |
NET PAYAn individual’s earnings after all deductions, like taxes or benefits, are taken out. |
NET WORTHNet worth is the value of an individual’s assets, minus the liabilities. |
NMLSCONSUMERACCESS.ORGNMLSCONSUMERACCESS.ORG website NMLS Consumer Access is a free service for consumers to confirm that the financial-services company or professional with whom they wish to conduct business is authorized to do so. |
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ONLINE BANKINGMany banks and credit unions allow you to access your account online and do things such as make transfers or pay bills. |
OPPORTUNITY COSTSThe loss of potential gain from other alternatives when one alternative is chosen. |