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Common Credit Terms

Common Credit Terms

There are numerous terms related to credit and credit reports; most of these terms are defined by various acts such as the Fair Credit Reporting Act or the Equal Credit Opportunity Act. Some of the most common and important terms used in transactions involving credit and credit reports are given below.

Creditworthy Behavior

Creditworthiness is the ability of a borrower to pay the debt in a timely manner. Creditworthy be…

Fixing Your Credit

Terrible credit can have an enormous impact on your life. It can be almost impossible to purchase…

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