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Credit checks |
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Credit checksThese are checks made when you try to borrow money or purchase goods on hire purchase, and are used to determine the risk of lending you money. They will examine your credit history and check for payment defaults and what you owe to other financial organisation. A credit agency is often used.Credit checks Similar MatchesConsumer Credit Protection Act of 1968Consumer Credit Protection Act of 1968Federal legislation establishing rules for the disclosure of the terms of a loan to protect borrowers. See: Truth in lending. Secured creditorSecured creditorA creditor who has a charge over the assets of a debtor in the event of the debtor failing to meet his/her obligations. Creditors committeeCreditors committeeA group representing firms that have claims on a company facing bankruptcy or extreme financial difficulty. Trade creditTrade credit1. An amount that is loaned to an exporter to be repaid when the exports are paid for by the foreign importer. 2. Credit extended by an exporter to an importer, permitting them to pay at some time after they take delivery. 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. Further SuggestionsCredit cardcredit union credit clearing Domestic credit Export Credits Guarantee Department creditors children's tax credit Crediting rate Unified tax credit Purpose credit Nonaccredited investor Foreign Credit Insurance Association (FCIA) Full faith and credit obligations National Credit Union Administration Creditor Export credit credit rating Financial institution buyer credit policy National Credit Union Administration Loose credit Sight Letter of Credit credit spread Credit agencies Credit history Close end credit |
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