Voc. 1
WILD CARD: YOU GET TO STEAL 100 POINTS TO A TEAM OF YOUR CHOICE
100 POINTS
Any person who regularly collects debts owed to others
Debt Collector
WILD CARD: YOU GET TO STEAL 100 POINTS FROM A TEAM OF YOUR CHOICE.
100
The maximum amount of credit that is available on a credit card or other line of credit account.
Credit Limit
WILD CARD: YOU GET TO STEAL 500 POINTS FROM A TEAM OF YOUR CHOICE.
500 POINTS
Cash deposits or checks that have been presented for payment and for which payment has been received.
Collected Funds
An agency that regularly collects or evaluates individual consumer credit information or other information about consumers and sells consumer reports for a fee to creditors or others. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies.
Consumer Reporting Agency
WILD CARD: YOU GET TO STEAL 200 POINTS FROM A TEAM OF YOUR CHOICE
200 POINTS
A time of day established by a bank for receipt of deposits. After the cut off time, deposits are considered received on the next banking day
Cut-Off Time
Any financial institution that issues bank cards to those who apply for them.
Credit Card Issuer
A company hired by a creditor to collect a debt that is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, usually through letters and telephone calls.
Collection Agency
WILD CARD: YOU WIN 300 POINTS
300 POINTS
An individual who signs the note of another person as support for the credit of the primary signer and who becomes responsible for the obligation. (Also known as a Comaker.)
Cosigner
Someone who owes monies to another party.
Debtor
A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness.
Credit Report
An individual who signs the note of another person as support for the credit of the primary signer and who becomes responsible for the obligation. (Also known as a Comaker.)
Cosigner
A person who signs a note to guarantee a loan made to another person and is jointly liable with the maker for repayment of the loan. (Also known as a Cosigner.
Comaker
A type of insurance, also known as accident and health insurance, that makes payments on the loan if you become ill or injured and cannot work.
Credit Disability Insurance
WILD CARD: YOU WIN 400 POINTS
400 POINTS
A deceased person, ordinarily used with respect to one who has died recently.
Decedent
An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies. Also commonly referred to as a consumer reporting agency or a credit reporting agency.
Credit Bureau
tems-such as drafts, notes, and acceptances-received for collection and credited to a depositor's account after payment has been received. Collection items are usually subject to special instructions and may involve additional fees. Most banks impose a special fee, called a collection charge.
Collection Items
It offers you a set interest rate and payments that do not change throughout the life, or "term," of the loan. A conventional fixed rate loan is fully paid off over a given number of years-usually 15, 20, or 30.
Conventional Fixed Rate Mortgage
A number, roughly between 300 and 800, that measures an individual's credit worthiness. The most well-known type of credit score is the FICO® score. This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in your credit report. Banks use a credit score to help determine whether you qualify for a particular credit card, loan, or service
Credit Score
WILD CARD: YOU GET TO STEAL 500 POINTS FROM A TEAM OF YOUR CHOICE
500 POINTS