I.O.U
A percentage of a sum borrowed that is charged by a lender for letting you use its money.
Interest rate
A system production and distribution of resources, goods, and services.
Economy
Something, usually money, owed by one party to another.
Debt
Current Ohio Minimum Wage
$10.10
Borrowing money with the promise to pay at a later time
Credit
The increase prices of goods and services over time.
Inflation
A negative balance in your checking account.
Overdraft
C.E.O. in full
Chief Executive Officer
A.P.R. in full
Annual Percentage Rate
The amount of income needed to achieve a given living standard.
Cost of living
A company or agency that is in the business of recovering money owed on delinquent accounts.
Debt collector/collection
F.D.A. in full
Food and Drug Administration
I.R.S in full
Internal Revenue Service
The ability and willingness of people or consumers to buy goods and services.
Demand
A legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations.
Bankruptcy
Current Federal Minimum Wage
$ 7.25
A numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual.
Credit Score
The state of being out of work or a job
Unemployment
A legal process that allows lenders to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property.
Foreclosure
What is a good credit score range?
670 to 739