Glossary

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What is a Credit Score?

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A credit score is a numeric representation of a person's creditworthiness determined by a statistical formula that calculates likelihood... Read Now

What is Credit Utilization Rate?

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Credit Utilization Rate is an important factor used by credit bureaus when determining credit scores that is calculated by dividing the... Read Now

What is a Custodial Account?

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A custodial account is an account created for the benefit of a minor at a financial institution that typically can only hold mutual funds... Read Now

What is Debt?

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Debt is an amount of money owed by one party to another party. Debt can be represented by a loan note, bond, mortgage or other agreement... Read Now
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