Speaking the language of credit


A lot of jargon is tossed around by banks, credit card companies, financial advisors and debt collectors. When dealing with money issues, it’s good to be able to speak the language of professionals.

 

 

Here’s a condensed glossary to help you get a handle on some of the terminology you’re likely to encounter.

 

Common credit terms

 

 

Video: Changing Credit Card Terms

 

Debt terms

 

 

Video: Credit Card Basics

 

Debt management terms

 

 

credit terms

 

Bankruptcy terms