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Credit cardAny card, plate or coupon book that may be used repeatedly to borrow money or buy goods and services on credit.Credit cardA plastic payment card which allows the owner to obtain goods and services without the requirement to pay cash and on credit terms.Transactions during a month are totalled and presented to the card holder for settlement on a monthly basis. Alternatively a percentage of the outstanding amount can be paid and the balance extended to the next month and so on. This will normally incur a much higher annual rate of interest than usual, for example, 2% per month being equivalent to an annual percentage rate of 26.82%.In addition to obtaining goods, credit cards can be used to obtain cash.Similar MatchesNational Foundation for Consumer CreditNational Foundation for Consumer CreditA nonprofit organization that seeks to help consumers who have taken on too much debt by helping them work out payment plans and supplying credit counseling. Credit averseCredit averseWhen a borrower has a poor credit history, has previously been declared bankrupt or has outstanding County Court Judgements, they are often described as credit averse. People with averse credit ratings often have to pay higher interest rates on a mortgage. Credit unionCredit unionNonprofit cooperative organizations that provide banking and financial services, including mortgages, home improvement loans and home equity loans, to their members. CreditCreditA measurement of a person's ability to pay bills on time. Several companies track individuals' credit histories by detailing late or missed payments on loans, credit cards and other debts. Credit reference agencyCredit reference agencyAn agency which holds information about the credit reliability of consumers and makes the information available at a fee to companies offering credit terms (e.g. credit card companies, mail order companies). Further SuggestionsPurpose creditBank Letter of Credit Policy credit Credit period creditors Sight Letter of Credit credit clearing Generic credit spread Export credit Creditor Export credit insurance Revolving line of credit Credit history Transferable letter of credit Foreign tax credit unified tax credit credit control Evergreen credit full faith and credit Credit linked security pension credit Tax credit Credit spread Equity Line Of Credit Eurocredit market |
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