Delinquent Mortgage

A mortgage becomes delinquent when the borrower doesn’t make the required payments. If the borrower continues to fall behind, the lender may foreclose on the

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Debt-to-Equity Ratio

The debt-to-equity ratio is the relationship between a company’s total debt and its total equity. The debt-to-equity ratio is a key measure for investors looking

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Debt-to-Income Ratio

Debt-to-income ratio refers to how much of a borrower’s monthly income is eaten up by debt. Creditors, especially mortgage lenders, want to know what’s left

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Credit Score

A credit score is a number that represents a person’s creditworthiness. Credit scores are based on a variety of personal financial data. Higher credit scores

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Credit Scoring System

Lenders use a credit scoring system, or a numerical system, to measure how likely it is that a borrower will make payments on the money

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Credit Line

A credit line is a flexible loan option offered by financial institutions to individuals and corporate entities. A credit line always has a credit limit,

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Credit Rating

A credit rating is a measurement of a person or business entity’s ability to repay a financial obligation based on income and past repayment histories.

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Credit Insurance

Credit insurance is an insurance policy that pays off an outstanding debt in the event of the policy holder’s death, disability, or termination of employment.

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Credit

Credit is issued to people who want to obtain something now, but who can’t or don’t want to necessarily pay for it now, based on

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